Posted 2/28/2024, 11:35:00 PM
Stocks Waver Ahead of Inflation Data That Could Sway Fed Policy
- Markets anxious ahead of US PCE data release, could impact Fed policy and bring volatility
- Higher-than-expected inflation readings suggest investors may be underestimating inflation risks
- Hot PCE data may prompt reduced bets on 2024 rate cuts, higher yields, stronger USD, lower gold
- Technical analysis provided for EUR/USD, USD/JPY, GBP/USD, gold prices; key support and resistance levels assessed
- Retail positioning insights available for GBP/USD and gold to understand market psychology and directional bias