07:29
The market remains stable ahead of the inflation data release, with Bitcoin and US stock index futures continuing to fluctuate within a narrow range.
On Thursday evening, global risk assets remained generally stable as traders awaited the release of a key inflation indicator—the core Personal Consumption Expenditures (PCE) index—on Friday. This data will directly affect the Federal Reserve's interest rate decision on December 10, and the market currently expects an 87% probability of a 25-basis-point rate cut.
In US stock futures, Dow Jones and S&P 500 index futures were nearly flat, while Nasdaq futures rose 0.1%. The core PCE for September is expected to increase by 2.9% year-over-year, marking the 55th consecutive month above the Fed’s 2% target, which further increases uncertainty around the policy path.
