[Deutsche Bank: U.S. PCE Data Leads Market to Reduce Fed Rate Hike Bets] Jin10 News, June 26 – As the market lowers expectations for Federal Reserve rate hikes, the U.S. dollar edged down slightly. Thursday's data showed that the Personal Consumption Expenditures Price Index (PCE) rose 0.4% month-on-month, below economists' forecast of 0.5%. Deutsche Bank analysts stated in a report that this "has somewhat dampened the narrative of Fed rate hikes that has been heating up in recent weeks." They noted that although Fed officials remain cautious about the inflation outlook, there is growing speculation that the Fed may not need to raise rates at all this year.