Opinion: If US PCE Data Exceeds Expectations, It Could Reverse the Optimism from Micron’s Earnings Report

Odaily Odaily Odaily Planet Daily News Ipek Ozkardeskaya, Senior Market Analyst at Swissquote Bank, said: "If the PCE data comes in stronger than expected, it could further encourage the Fed’s hawkish stance and reverse the optimism seen in the markets following Micron Technology’s earnings release." Ozkardeskaya added that this could reignite the uncomfortable topic of rising borrowing costs at a time when tech giants are taking on increasing debt to fuel their artificial intelligence ambitions. (Jin Shi)