Today at 8:30 a.m. ET, the Personal Consumption Expenditures (PCE) price index is being released, a key inflation indicator for the Fed. Its results will become the main trigger for short-term rate expectations.



If the indicator comes out above forecasts - this is a hawkish signal, meaning rates will likely remain at high levels.

If the data turns out to be below expectations - this is a dovish signal, strengthening the probability of earlier rate cuts.
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