Trader who called USD's 10% drop reveals what today's PCE data means
Key Points
- The dollar has dropped nearly 10% since January, and today's...
The dollar has been having about as much fun as a vampire at a garlic festival lately, dropping nearly 10% since January. Today's Personal Consumption Expenditures (PCE) inflation data could either throw it a lifeline or push it deeper into the red zone.
When Inflation Data Becomes Currency Kryptonite
Here's the thing about PCE data - it's like the Fed's favorite child among economic indicators. While most people obsess over the Consumer Price Index, Jerome Powell and his crew at the Federal Reserve actually prefer PCE when making their rate decisions. Today's numbers are expected to sho...
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