The PCE data for August in the US stock market was released, and "bad data" = good data!

The PCE data for August, the final economic data of this week, was released. Overall, inflation rebounded slightly, in line with market expectations, and consumer spending weakened significantly, lower than expected. The PCE monthly rate was lower than expected, and inflation continued to cool down.

The data as a whole consolidated the current expectations, the economy gradually cooled down, inflation rebounded mildly and was generally at a low level, and a soft landing was being achieved.

If this group of data was placed before the interest rate cut, it was not actually bad data, nor was it good data, but now after the interest rate cut, the cooling of the economy and the slight rebound in inflation can indeed indicate signs of a soft landing.

According to the influence of the current data, it is good for the risk market, and the US stock index futures began to rise before the market opened.

The US stock market heated up a bit too fast this week. I wonder if the Federal Reserve will cool down the US stock market appropriately next week?