The PCE data at 8:30 last night, whether the Fed will cut interest rates twice or three times this year depends on it. Currently, the market expects the PCE to rise moderately; as long as it meets or exceeds expectations, the overall tone of cutting rates three times this year will remain unchanged, and the market is expected to welcome a rebound. However, there is also a probability that the PCE will exceed expectations, but Trump places great importance on this indicator and interest rate cuts, so even if the data is poor, it should be slightly beautified.
In addition to the PCE, the
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