World markets anticipate U.S. PCE inflation data, with a likely 63% chance of a Fed rate cut in December.

World markets are watching U.S. PCE inflation data, due Wednesday, with the PCE Price Index expected to rise to 2.3% annually and the core component to 2.8%. Despite unclear FOMC minutes, there's a 63% chance of a Fed rate cut in December. Wall Street futures are mixed, European markets are down due to French political uncertainty and low German morale, while Asian markets are mostly positive. The Dollar Index has fallen, bond yields have eased, oil prices have risen, boosting gold, and cryptocurrencies have rebounded.

November 27, 2024
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