Inflation hasn't exploded, and the market breathes a sigh of relief!
The recently released PCE data from the United States is below expectations, with core PCE remaining flat, which is generally positive news.
This means: despite Trump's tariff comments stirring the pot, at least in the short term, inflationary pressures have not exploded. Various assets can temporarily catch a breath.
Note that the market's emotional window has opened, and the next step is for funds to choose their direction.