Tonight, key economic data from the United States will be released, increasing volatility risks in global markets.
Tonight, several key economic data points from the United States will be published, which are expected to have a significant impact on global financial markets.
At 20:30, the year-on-year Core PCE Price Index for August (previous value and expectation both 2.90%) will be revealed. As an important reference for the Federal Reserve's monetary policy, if the data deviates from expectations, assets such as U.S. stocks, the dollar, and gold may experience volatility, directly affecting the market's judgment on the Federal Reserve's interest rate hikes/cuts.
The month-on-month Personal Consumption Expenditures (PCE) for August (previous value and expectation both 0.50%) will be released at the same time, reflecting consumer spending willingness. If the growth rate falls short of expectations, it may raise concerns about the momentum of U.S. economic growth. The month-on-month Core PCE Price Index for August (previous value 0.30%, expectation 0.20%) will, if higher than expected, exacerbate market concerns about inflation stickiness, increasing volatility risks.
At 22:00, the final value of the University of Michigan Consumer Confidence Index for September (previous value and expectation both 55.4) will be published. If the data falls short of expectations, it indicates insufficient consumer confidence, which may suppress consumer spending, putting pressure on U.S. economic and global economic expectations.
These data points will provide key evidence for judging the direction of the U.S. economy, inflation, and Federal Reserve policy, and global investors need to closely monitor their impact on asset allocation. $BTC