The core PCE data released today is almost in line with expectations. Due to the good PPI data, the core PCE (year-on-year) figure matches expectations. Although this may not lead to any changes for the Federal Reserve, it will help investor sentiment. Next, we will see how U.S. investors feel after the stock market opens.

However, while the year-on-year core PCE data is stable, the month-on-month core PCE is rising, which indicates that inflation is still in a volatile state. As I mentioned in the afternoon, the data from the past few months won't be very helpful, and the Federal Reserve's next rate cut is likely to be in June or later.

Labor, inflation, and the economy are a balancing act for the Federal Reserve. The day before yesterday, Powell stated that wage growth is no longer the main cause of inflation, so there won't be excessive demands on the labor market. The unemployment rate and economic development are essentially equivalent.

Next week marks the earnings season, especially with $MSTR's earnings report to look forward to.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。