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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. もっと見る
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 $S&P500 (.SPX.US)$and$ナスダック総合 (.IXIC.US)$ 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?
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