Daily Market Review: Market Sentiment Improves Ahead of PCE Inflation
Channel: JFD Brokers
Date: 2021-05-28

Daily Market Review by Charalambos Pissouros

Market appetite improved yesterday and today in Asia, perhaps due to a report that US President Joe #Biden will seek USD 6trln in federal spending for the 2022 fiscal year. today, market participants are likely to lock their gaze on the release of the core #PCE index, the Fed’s favorite inflation metric, for the month of April. A surge may raise questions as to whether the acceleration in headline #inflation is due to transitory factors and may add to speculation that the Fed may have to start normalizing its policy earlier.

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