TechFlow news, at 8:30 PM Singapore time on May 31, 2024, the U.S. Department of Commerce will release the year-over-year change in core PCE price index for April, month-over-month personal spending for April, and month-over-month core PCE price index for April. Among these, the year-over-year change in the U.S. April core PCE price index carries the greatest significance.
Expected impact: Market consensus suggests that the U.S. core PCE data will influence the U.S. dollar index, U.S. Treasury yields, and rate cut expectations, potentially affecting risk markets and the cryptocurrency market.
Data implications: The previous value was 2.8%, with a forecast also at 2.8%. If the actual figure exceeds expectations, it will be bullish for the U.S. dollar and bearish for non-USD currencies; bullish for Treasury yields; bearish for rate cut expectations but supportive of rate hike expectations; bearish for risk markets and the cryptocurrency market.
XT Research Institute rating: 🌟🌟🌟🌟🌟
XT Research Institute notes: Data sourced from Jinshi Data; this report is not intended as investment advice.
