Market analysis: PCE inflation unexpectedly cooled across the board, and the US dollar was sold off

PANews reported on December 20 that according to Jinshi, the financial website Forexlive commented on the US PCE data: Estimates based on the Consumer Price Index and other data show that the PCE price index rose 2.4% year-on-year in the 12 months ending in November, and the core PCE, which excludes the more volatile food and energy categories, rose 2.8% year-on-year. This is an unexpectedly cooling report across the board, the dollar is being sold off, and bonds are rebounding.

In addition, according to Jinshi data monitoring, traders continue to bet that the Federal Reserve will pause its interest rate cuts in January and increase their bets that the Federal Reserve will cut interest rates in March, with another rate cut expected in October.