Phyrex|Jul 30, 2026 12:36
The most important core PCE annual rate matched market expectations, dropping from last month's previous value of 3.4% to 3.3%. The monthly rate also performed well, decreasing from 0.3% to 0.1%. Overall, these are pretty solid numbers, indicating that the market is gradually emerging from the shadow of inflation.
But as I mentioned earlier, this data reflects June, and the lower figures in June have also driven surrounding inflation down. However, oil prices in July and possibly even August are likely to continue rising, which could lead to an inflation rebound.
So, it's very possible that this month's data just looks good on the surface. If the conflict between the U.S. and Iran continues, this seemingly positive data might change as early as next month.
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