Analyst: If the PCE data significantly deviates from expectations, the market will experience sharp volatility.
Sky Links Capital Group's co-founder and CEO Daniel Takieddine stated in a report that the change in US Treasury yields is not significant, but there may be volatility if PCE personal consumption expenditure inflation data deviates from expectations. Takieddine said that the upcoming US economic data is crucial in shaping expectations for US interest rates. The previous week, Federal Reserve Chairman Powell's comments were cautious, and economic data was relatively strong. He said, "If today's data significantly deviates from expectations, both US bond yields and the dollar may experience volatility once again." Investors are also cautious ahead of the release of monthly employment data in the US next week.
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