Opinion: If US 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's hawkish turn and reverse the optimism that emerged in the market following Micron Technology's earnings report." Ozkardeskaya added that this could rekindle the uncomfortable topic of rising borrowing costs at a time when tech giants are increasing debt to realize their artificial intelligence ambitions. (Jinshi)