Many people are concerned about PCE's positive and negative impacts, but it’s really not that useful! This is just a numbers game played by the beautiful government's labor statistics department. However, the PCE is below expectations, which is negative for the dollar.
Clearly telling everyone: if the published data is less than expected, it indicates lower inflation, which is beneficial for interest rate cuts!
In just a few minutes, Trump immediately commented: the PCE data indicates that the economy is developing well, prices are low, and residents' happiness index is increasing; the Federal Reserve should cut interest rates. I hope they directly cut rates by 100 basis points, but Powell never considers these things; he's a selfish and annoying guy!