PCE

4E: US August PCE data boosts rate cut expectations, US stocks and cryptocurrency markets continue to rise

ChainCatcher news, data released on Friday showed that the U.S. core PCE in August was below market expectations, with a year-on-year increase of 2.2%, close to the Federal Reserve's 2% target. The cooling inflation has strengthened market expectations for the Federal Reserve to continue cutting interest rates in the coming months, with the probability of a 50 basis point rate cut in November rising from 49.3% to 54.1%.According to 4E observations, the Dow Jones Industrial Average rose 0.59% last week, the S&P 500 index increased by 0.62%, and the Nasdaq rose by 0.95%, marking the third consecutive week of gains for all three major indices. Bitcoin saw a cumulative increase of nearly 4% last week, marking three weeks of gains and heading towards the best September in history. Under the expectation of continued rate cuts, the U.S. dollar index fell for four consecutive weeks, erasing all gains since mid-July. Spot gold hit a new historical high last week, rising 1.38%, with an increase of nearly 30% this year, surpassing the S&P 500 index's 20% gain, driven by rate cuts from major central banks like the U.S. and China, along with ongoing tensions in the Middle East.With inflation falling in Europe and the U.S., and the pace of global central bank rate cuts accelerating, this will provide strong momentum for the stock and cryptocurrency markets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. U.S. non-farm payroll data for September will be released this Friday; if it performs strongly, it will further boost expectations for a 50 basis point rate cut in November. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

4E: U.S. economic data exceeded expectations, financial markets rose broadly, focusing on the U.S. PCE price index this Friday

ChainCatcher news, data released on Thursday showed that the U.S. economy once again highlighted unexpected resilience, alleviating market concerns about the economy. At the same time, boosted by China's unexpected policy package, global financial markets surged.According to 4E observation, the three major U.S. stock indices rose, with the S&P 500 index closing up 0.40%, setting a new historical high; the Dow Jones rose 0.62%, and the tech-heavy Nasdaq rose 0.60%. Chinese concept stocks surged, with the Nasdaq Golden Dragon China Index up 10.9%. Non-U.S. currencies rose broadly, while the yen resumed its downward trend; cryptocurrencies rose across the board, with Bitcoin up 2.56%, breaking through $65,000, and Ethereum up 0.96%.Gold, silver, and copper all soared, as major central banks like the U.S. and China cut interest rates, coupled with ongoing tensions in the Middle East. Spot gold's intraday gains expanded to 1%, once again setting a new historical high, with nearly a 30% increase this year; under China's stimulus policies, silver, a key industrial material, rose over 2.5%, reaching a 12-year high, and has increased 37% year-to-date.With global central banks cutting interest rates in succession and China's "policy package" igniting global optimism, combined with resilient U.S. economic data, investors' risk appetite has risen. 4E is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday evening, the U.S. core PCE price index will be released, providing further key clues for the Federal Reserve's interest rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.
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