Analyst: US PCE data unexpectedly upward may have an impact on the market

July 26th, Jinshi Data, Capital.com’s senior market analyst Kyle Rodda said that the PCE price index to be released on Friday will be the next test facing the market, and it can be said to be the climax of this week’s trading. Rodda said, “People are worried that there is upward risk in the current general expectations of the PCE index.” “Although moderate upward surprises may not necessarily disrupt the process of inflation returning to target, it may affect the expected time for the (Fed) to cut interest rates for the first time and the number of rate cuts that may occur in the next six months. At a time when market sentiment is already somewhat cautious, this may have an impact on the market.”