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U.S. PCE Rises 0.4% on Thursday, Misses Forecast as Markets Cut Fed Rate Hike Bets

2026-06-26 06:47:25

According to Jin10, the U.S. personal consumption expenditures (PCE) price index rose 0.4% month-over-month on Thursday, falling short of economists' expectations of 0.5%. Following the softer-than-expected data, markets trimmed bets on Federal Reserve rate increases, with the U.S. dollar edging lower. Deutsche Bank analysts noted the data "tempers" recent speculation about Fed rate hikes.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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