Many people are concerned about the positive and negative aspects of PCE, but it’s really not that useful! This is a number game played by the beautiful government’s labor statistics department. When the announcement is lower than expected, it's negative for the dollar.
It clearly tells everyone: when the announced data is lower than expected, it indicates lower inflation, which is favorable for interest rate cuts!
In just a few minutes, Trump immediately pressures the Federal Reserve with PCE: the PCE data indicates that the economic development is very good, prices are low, and the residents' happiness index is improving. The Federal Reserve should cut interest rates; I hope for an immediate cut of 100 basis points. However, Powell never considers these things; he is a selfish and annoying guy!