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What to Expect in the Week Ahead (AVGO and NIO Earnings; U.S. Jobs Report and Inflation Data)
USA's July PCE inflation rose moderately, paving the way for a rate cut next month.
①In July, the overall PCE price index increased by 2.5% year-on-year, with an expected 2.6%; the month-on-month increase was 0.2%, in line with expectations. ② The impact of this report may be insignificant, but it does confirm what Fed Chairman Powell said, with the focus potentially being on employment trends, as people believe that the inflation trend may continue towards the 2% target.
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104352709 : I don't think there is a rate cut in September
Cow Moo-ney OP 104352709 : Oh. Why so?
财神爷我爱你 104352709 : I think yes 99% have rate cut. Simply because new president election. They want win the heart of all American citizen. Is time to buy new tv new sofa new aircon new car Liao la.