Analyst: Core PCE Data Will Influence the Federal Reserve's Monetary Policy Path
According to ChainCatcher, citing Jinse Finance, the US dollar exchange rate fell ahead of the release of the US Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred inflation indicator. Emma Wall from Hargreaves Lansdown stated that the core PCE data will be particularly important ahead of the Federal Reserve's December meeting. If the inflation data is higher than expected, the Federal Reserve may keep interest rates unchanged; if the data meets or falls below expectations, it will pave the way for another rate cut.
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