#Binancenews
PCE Data Influences Market Trends With Rising Futures Contracts and Falling Bond Yields
According to Odaily, following the release of the personal consumption expenditures (PCE) price index data, futures contracts on stock indices rose while long-term bond yields fell. The initial reaction suggests that softer inflation data could indicate a possibility for the Federal Reserve to further cut interest rates. Robert Ruggirello, Head of Investments at Brave Eagle Wealth Management, stated in a report that although further rate cuts may still be several months away, this report supports the likelihood of one to two rate cuts by the Federal Reserve in 2025.
