Written before the core PCE tonight, the core PCE for July will be released at 8:30 PM Beijing time. This data is the most important for the Federal Reserve. Every time Powell talks about inflation returning to 2%, he is referring to the core PCE. Therefore, the core PCE data represents the basis for the Federal Reserve's stance on inflation.

Last month's previous value was 2.8%, and the market expectation is 2.9%. Nick's expectation from last week was also 2.9%, and the Cleveland Fed's expectation is also 2.9%. So, the probability of 2.9% should be quite high, which aligns with market expectations and theoretically should be beneficial for the market.

If the core PCE data can come in below expectations, it would definitely be a more direct positive for the market. However, this data is released by the U.S. Department of Commerce, and the data from the Department of Commerce is rarely questioned.

This means that as long as the core PCE does not exceed 2.9% tonight, it should have a calming effect on the market.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。