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melody
@jll
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170 Followers
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This week's data, prior to the release of GDP on Thursday and PCE on Friday, were relatively mixed, with the heavyweight first quarter GDP correction and April PCE data overall skewed. The inflation indicator core PCE, which the Federal Reserve values, increased by 0.2% month on month, lower than the expected 0.3%, and only rounded down to 0.249%. Therefore, it was only rounded down to 0.2%, although still lower than the previous 0.317%. However, such coincidental numbers raise doubts about the possibility of data manipulation, and the actual decline was less than 0.1 percentage points. Such data will not change the Fed's view on inflation, so the market briefly rose and then fell. @fjfuiyii @cnayh 0 reply
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