Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
October PCE data released: Will December see another rate cut?
The October Core PCE Price Index increased by 2.80% year-on-year, in line with expectations of 2.80%, compared to the previous reading of 2. Show More
The October Core PCE Price Index increased by 2.80% year-on-year, in line with expectations of 2.80%, compared to the previous reading of 2.70%. After the data was released, both $S&P 500 Index (.SPX.US)$and$Nasdaq Composite Index (.IXIC.US)$ retreated.
The CME FedWatch Tool shows a 43.8% chance of a December rate pause and 56.2% for a cut. Chris Weston notes stronger PCE data could lower rate cut expectations, keeping the Fed's stance unchanged. Investors should watch closely—this data could impact market sentiment and shape near-term investment opportunities.
🎙️Discussion
1. Which sectors do you think could thrive if inflationary pressures persist?
2. Do you anticipate any immediate market reactions following the data release?
Views
801K
Posts
51
Join topic
Latest
Hot
Related Stocks
  • .IXIC
    Nasdaq Composite Index
    19218.166
    +0.83%
  • .DJI
    Dow Jones Industrial Average
    44910.650
    +0.42%
  • .SPX
    S&P 500 Index
    6032.380
    +0.56%
  • QQQ
    Invesco QQQ Trust
    509.740
    +0.88%
  • TQQQ
    ProShares UltraPro QQQ ETF
    79.890
    +2.55%