Big Events Next Wednesday! PCE Inflation Data is Set to Drop a "Bomb", and the Market is Betting on a Prelude to a Bull Market!
Recently, Wall Street has been closely watching next Wednesday's PCE inflation data, which could make a big splash. The latest predictions are simply outrageous:
The PCE inflation rate is expected to plummet by 0.3%, directly falling to 2.2%, while core PCE is also expected to drop by 0.2%, down to 2.6%.
If these two numbers are achieved, it would be equivalent to giving inflation a "suspended sentence", and even the Federal Reserve might breathe a sigh of relief, possibly opening the door to interest rate cuts.
Interestingly, this sharp drop in inflation is largely due to the tariffs war dragging it down.
Originally, the water crisis was casting a shadow over the economy, but it ended up being the last straw that broke inflation's back, a case of "hitting the target by accident".
After all, for the cryptocurrency and stock markets, the Federal Reserve's first interest rate cut is like the starting gun for a bull market; as soon as the data is released, funds might rush into the market like crazy.
Now we just have to see whether Wednesday's data is a "king bomb" or a "dud", and in the coming days, the entire market will have to stay on high alert and wait.