At 8:30 p.m. tonight, the market will pay attention to the announcement of the US core PCE price index. It is expected to show a monthly increase of 0.3% and the annual rate remains at 2.7%, but some analysts predict that the monthly and annual rates could decline slightly down to 0.2% and 2.7%. This is likely to be the lowest since April 2021. Experts say the data is unlikely to fluctuate significantly because recent economic performance has been very stable and the US economy is in a stable growth phase steady, not getting too hot or too cold. However, reaching the Fed's 2% target may still take some time. Goldman Sachs points out that according to relevant indicators, monthly core PCE growth is expected to be 0.26%, slightly lower than the average in previous months, but this may not be the case. enough to support an interest rate cut in July. They believe that the condition for an interest rate cut in July can only be met if the market's core PCE index maintains a pace of 0.18%. Recently, Goldman Sachs pushed back its forecast for the first interest rate cut from July to September.
