Opinion: If U.S. PCE Data Exceeds Expectations, It Could Reverse the Optimism Brought by Micron’s Earnings Report

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