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Breaking Posted 3 hours ago

PCE inflation surges to 4.1% in May, stock outlook questioned

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The Personal Consumption Expenditures price index rose 4.1% in May, signaling persistent inflation pressure. USD typically strengthens on higher-than-expected inflation data as markets price in potential Fed rate support, affecting USD pairs like EUR/USD and GBP/USD. Traders should monitor whether this shifts Fed policy expectations.
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@asuquokelvin · 3 hours ago

Inflation is still acting like it pays rent at the Fed. Rate-cut dreamers might need another cup of patience.

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