US data-driven volatility ahead: PCE inflation and GDP data in focus

High-Importance US Data Releases: This week, the US dollar may experience fluctuations due to several significant data releases.

Key reports include durable goods and the Michigan consumer sentiment report. However, the main focus will be on Wednesday's final Q1 GDP data and Friday's core PCE report. Additionally, Thursday's first US presidential debate is expected to capture significant attention. US PCE Inflation Report: The US PCE inflation report, scheduled for Friday, is critical as it could influence the Federal Reserve's decisions on interest rates.

Equity Market Implications: A softer-than-expected PCE report might lift market spirits, potentially sparking a rally in equities since lower interest rates often boost stock performance. Conversely, a higher-than-expected PCE figure could dampen hopes for early rate cuts and might strengthen the US dollar as traders adjust their expectations for the Fed's policy direction.

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