BlockBeats News, September 26: The most watched inflation gauge by the Federal Reserve, PCE, will be released tonight at 20:30. The recent U.S. economy has shown strong resilience, with investors’ focus on whether the PCE data will exceed expectations, especially the change in core PCE, which will directly affect the Fed’s monetary policy decisions.
BiyaPay analysts expect the August PCE price index to be 2.7% year-on-year, higher than July’s 2.6%. Core PCE is expected to rise by 2.9%, unchanged from July. If the PCE data shows that inflation pressures remain significant, especially with rising costs of goods and services, the Fed may pause rate cuts instead of continuing with the rate cut plan. This could derail the market’s widespread expectation of rate cuts and increase the uncertainty in the U.S. stock market and cryptocurrency.
BiyaPay reminds investors to pay attention to tonight’s PCE data release and adjust their investment strategies based on the data. BiyaPay offers 0% fee spot trading, futures trading, and USDT trading for U.S. and Hong Kong stocks, helping users reduce trading costs and manage market risks.
