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Opinion: If the US PCE is stronger than expected, it may reverse the optimism brought by Micron's earnings report.

MeNews
ME News message, June 25 (UTC+8). Ipek Ozkardeskaya, a senior market analyst at Swissquote Bank, said: “If the PCE data comes in stronger than expected, it could further encourage the Fed to turn hawkish and reverse the optimism that emerged in the market after Micron Technology’s earnings release.” Ozkardeskaya added that as technology giants keep taking on more debt to realize their AI ambitions, this may also reignite the uncomfortable topic of rising borrowing costs. (Jinshi) (Source: ODAILY)
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