Opinion: If US PCE Exceeds Expectations, It May Reverse the Optimism Brought by Micron's Earnings Report
According to Odaily, Swissquote Bank senior market analyst Ipek Ozkardeskaya stated: "If the PCE data is stronger than expected, it may further encourage the Federal Reserve to adopt a more hawkish stance and reverse the optimism that appeared in the market after Micron Technology's earnings report." Ozkardeskaya added that, as tech giants continue to increase their debt to realize their ambitions in artificial intelligence, this may reignite the troubling issue of rising borrowing costs. (Golden Ten Data)
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