Market analysis: PCE data helps the Federal Reserve maintain one to two interest rate cuts this year

According to a report by Jinshi, after the release of PCE data, stock index futures rose while long-term bond yields fell. People's first reaction seems to be that milder inflation data may mean that the Federal Reserve may further cut interest rates. Robert Ruggirello, Chief Investment Officer of Brave Eagle Wealth Management, said in a report, "Although additional rate cuts may still be months away, we believe this report will help the Federal Reserve maintain one or two rate cuts in 2025