Reported about 1 year ago
Provided by Yuanta Futures and compiled by Chen Yuguang on July 1, 2024, 4:10 PM, the US May core personal consumption expenditures price index increased by 2.6% year-on-year, lower than the previous value of 2.8%, meeting market expectations. The decrease in durable goods is most notable due to the rise in the US unemployment rate and high-interest rates, which have hampered consumer spending and led to sustained inflation development. Market expectations of a rate cut in September and a further rate cut in December have increased. The US dollar index faced downward pressure after reaching the 106 level, with expectations of consolidation in the near future.
Source: YAHOO