Opinion: If US PCE Data Exceeds Expectations, It May Reverse the Optimism Brought by Micron’s Earnings Report

Odaily 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 stance and reverse the optimistic sentiment that emerged in the market following Micron Technology's earnings report.” Ozkardeskaya added that this could reignite the uncomfortable topic of rising borrowing costs, especially at a time when tech giants are increasing their debt to realize their artificial intelligence ambitions. (Jin Shi)