PCE Data Release to Shape Federal Reserve Decisions

The PCE data release, a significant inflation gauge favored by the Federal Reserve, is scheduled for 23:00 UTC+8. With the absence of CPI data, this report will be the sole source of information on inflation ahead of the Federal Reserve’s upcoming December meeting. Market participants are anticipated to closely analyze all details of the PCE release, as fluctuations in market conditions may result from any significant shifts in inflation estimates.