Analyst: The market is waiting for key US economic data ahead of next week's Federal Reserve FOMC meeting, with a focus on the delayed release of the September PCE report.
According to Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that the price of gold remains around $4,218 per ounce, with the market awaiting key U.S. economic data ahead of next week’s Federal Reserve Federal Open Market Committee (FOMC) meeting. The focus is on the delayed release of the September Personal Consumption Expenditures (PCE) report, which is the Fed’s preferred inflation gauge. This report is scheduled to be released today and may provide clues regarding the timing and pace of future monetary easing policies.
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Analyst: The market is waiting for key US economic data ahead of next week's Federal Reserve FOMC meeting, with a focus on the delayed release of the September PCE report.
According to Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that the price of gold remains around $4,218 per ounce, with the market awaiting key U.S. economic data ahead of next week’s Federal Reserve Federal Open Market Committee (FOMC) meeting. The focus is on the delayed release of the September Personal Consumption Expenditures (PCE) report, which is the Fed’s preferred inflation gauge. This report is scheduled to be released today and may provide clues regarding the timing and pace of future monetary easing policies.