PCE Data Stronger Than Expected Could Reverse Micron Rally, Shift Fed Tone: Rabobank

According to Rabobank senior market analyst Ipek Ozkardeskaya on June 25, stronger-than-expected PCE data could further encourage the Federal Reserve to adopt a hawkish stance and reverse the market optimism triggered by Micron Technology's earnings report. Ozkardeskaya noted that as tech giants increase debt to pursue artificial intelligence ambitions, such a shift could reignite concerns about rising borrowing costs.
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