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US PCE Inflation to Come in ‘Hot’ Today: JPMorgan, UBS, Other Wall Street Giants
US Personal Consumption Expenditures (PCE) inflation, the Fed’s preferred inflation gauge, is expected to come in hot at 3.8% today. Stock and crypto market participants are closely awaiting PCE data for further cues on Fed interest rate decisions. With the US dollar index and 10-year Treasury yield (US10Y) rising again, the upcoming release is critical
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