Reported 11 months ago
Investors are awaiting the release of the May PCE data on Friday (28th) after unexpected decreases in the US CPI and PPI data. The data will be crucial in determining further signs of inflation easing and potential rate cuts by the Fed. Meanwhile, NVIDIA will hold a shareholder meeting on the 26th, where strategies for key developments like automotive and smart manufacturing, along with AI applications, will be discussed. Analysts predict a potential decrease in PCE year-on-year and core PCE data, impacting market expectations on Fed rate cuts.
Source: YAHOO