The U.S. core PCE price index rose 0.2% in June, higher than expected
According to Jinshi data, the annual rate of the US core PCE price index in June was 2.6%, higher than expected. The monthly rate of the US core PCE price index in June was 0.1%, the same as last month, in line with expectations.
Spot gold and the US dollar index DXY did not fluctuate much in the short term; the SP 500 and Nasdaq 100 futures hit pre-market highs; the US 10-year Treasury yield fell after the data was released, now at 4.233%. Bitcoin was at $67,227, up 4.62% in 24 hours.
US short-term interest rate futures rose slightly after the release of inflation data; traders expect the Fed to keep interest rates unchanged in July and start cutting interest rates in September.
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