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Opinion: If U.S. PCE comes in stronger than expected, it could reverse the optimism sparked by Micron’s earnings report
Svmuu News: Ipek Ozkadskaya, senior market analyst at Ruixin Bank, said, “If the PCE data comes in stronger than expected, it could further encourage Federal Reserve to adopt a hawkish stance and reverse the market optimism that emerged following the release of tech earnings reports Micron.”” Özkağeskaya added that as tech giants continue to pile on debt to pursue their AI ambitions, this could reignite concerns about rising borrowing costs. (Jin Shi)
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Source：Odaily · Source Link
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