- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
U.S. Core PCE Inflation Heats Up in June, Adding Another Variable to Fed's September Rate Cut Prospects
BlockBeats News, July 31st: The U.S. inflation data for June slightly exceeded expectations, adding another variable to the Fed's interest rate cut timeline. The Fed-favored core PCE price index rose by 0.3% month-on-month and 2.8% year-on-year, slightly higher than the market's forecast of 0.29% and 2.7%. The overall PCE index, which includes food and energy, rose by 0.3% month-on-month and 2.6% year-on-year, also surpassing market expectations of 0.23% and 2.5%.
This higher-than-expected inflation report has made the Fed's interest rate cut path more complex. Policymakers had previously emphasized the need to see more evidence of inflation consistently returning to the 2% target, and the latest data may delay this process. (FXStreet)
You may also like
Gainers
Latest Crypto News
Biden Slams Trump, Accusing Him of Destroying American "Democracy"
JPEX Scam Case Update: Prosecution Applies for First Batch of 8 Defendants to be Transferred to Hong Kong High Court for Trial
Sign Signs Agreement with Sierra Leone's Ministry of Technology to Build Digital Identity and Stablecoin Payment
If Ethereum falls below $3,300, the mainstream CEX long liquidation pressure will reach $595 million.
The Polymarket prediction market on today's League of Legends World Championship "T1 vs KT" match surpasses $5.4 million in trading volume
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App