The market is holding its breath for the 'belated verdict': September PCE to be unveiled tonight. If inflation remains sticky, could it shake the consensus around the Federal Reserve's rate cut next week?

After experiencing a volatile November, the US stock market is once again approaching its historical highs. However, behind this rebound, investor sentiment remains uneasy: on one hand, inflation continues to be stubbornly high; on the other hand, the labor market is gradually cooling, with conflicting macroeconomic signals. Against this backdrop, the September PCE (Personal Consumption Expenditures Price Index), set to be released tonight, has become what the market perceives as a "belated yet crucial verdict." Due to the US government shutdown, the September PCE and personal income reports were delayed until December 5th at 8:30 AM Eastern Time (Beijing time in the evening), originally scheduled for release on October 31st.

wallstreetcn17:20

This Week's US Stock Winners | AST SpaceMobile Surges Nearly 30% Amid Multiple Positive Catalysts; "NVIDIA's Close Ally" CoreWeave Rises Over 17%, Added to Wedbush AI 30 Core Stocks List

Microchip Technology surged over 20% within the week as the company raised its outlook for the third fiscal quarter.

Futu News22minutes ago

Daily Options Tracker | Multiple call options surged over 13 times, Meta plans to cut metaverse capital expenditures, driving share price up; multiple put options rose over 7 times, Intel sees pullback from recent highs.

Multiple call options surged over 13 times as Meta plans to cut capital expenditures in the metaverse, driving the stock price higher; multiple put options rose more than sevenfold amid Intel's pullback from recent highs.

Futu News17:43

Despite internal disagreements, the Fed's December rate cut remains an overwhelming consensus!

A Reuters survey shows that 108 economists have reached a strong consensus, predicting that the Federal Reserve will cut interest rates by 25 basis points next week, in sharp contrast to the significant divisions within the FOMC.

Golden10 Data15:15

Futu Morning Brief | Hassett: The Fed may cut interest rates by 25 basis points next week; U.S. small-cap stocks surge, with the Russell 2000 Index approaching a new high; U.S. government plans to increase its stake in mining companies.

The outstanding U.S. government debt has surpassed $30 trillion, doubling since 2018; the U.S. Commodity Futures Trading Commission (CFTC) stated that spot cryptocurrencies can now be traded on CFTC-registered exchanges.

Futu News08:26

Hassett's statement: The Federal Reserve should cut interest rates next week, with an expected reduction of 25 basis points.

Hassett, in an interview with the media, stated that the FOMC now appears to lean towards a rate cut, with an expected reduction of 25 basis points. When asked how many additional rate cuts he would pursue if nominated, Hassett avoided specifying a number, emphasizing that the role of the Federal Reserve Chair is to be "highly sensitive to data" and consider the impact of interest rate adjustments on inflation and employment.

wallstreetcn08:16