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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50 basis points to start an interest rate cut cycle? The Federal Reserve has never done this before.
Deutsche Bank believes that if the labor market remains stable, the Federal Reserve may choose to gradually reduce interest rates by 25 basis points, and will not reduce interest rates sharply all at once.
8/29 [Strength and Weakness Analysis]
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8/28 [Strength and Weakness Material]
[Bullish/Bearish News] Bullish news: The Nikkei average rose (38288.62, +178.40), the Dow Jones Industrial Average rose (41250.50, +9.98), the Nasdaq Composite Index rose (17754.82, +29.05), the SOX index rose (5153.63, +56.29), the VIX index fell (15.43, -0.72). Expectation of subdued inflation in the United States, active share buybacks, and a request from the Tokyo Stock Exchange for improved company value. Bearish news: 1 dollar = 143.70-80 yen, Chicago Nikkei futures ...
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