The personal consumption expenditure (PCE) price index data for the U.S. in July, (, was released last night, and the results were in complete alignment with market expectations. This result alleviated concerns that had arisen due to the producer price index (PPI) for July, ), significantly exceeding expectations.
Investors will next focus on the non-farm payroll data set to be released next Friday. Ideally, this data should be close to the expected value, whether slightly higher, in line with, or slightly lower is acceptable. If this situation is realized, the likelihood of a rate cut in Sept
View Original