The U.S. Federal Reserve’s core Personal Consumption Expenditures (PCE) price index, which is the Fed’s preferred measure of inflation, is scheduled for release at 20:30 tonight, according to Jinshi Data. Market sentiment is optimistic, with hopes that the report will indicate a continued slowdown in consumer spending.

Given recent comments from Federal Reserve officials, this report will be closely scrutinized for indications that could bolster expectations of potential interest rate cuts. Such developments could trigger notable market volatility, prompting investors to remain vigilant about associated risks.