Analyst: Core PCE data will influence the Federal Reserve's monetary policy path

According to Jin Ten, ahead of the release of the U.S. Personal Consumption Expenditures (PCE) data, which is the inflation indicator most favored by the Federal Reserve, the dollar exchange rate has fallen. Emma Wall from Hargreaves Lansdown stated that the core PCE data will be particularly important before the Federal Reserve's December meeting. If the inflation data is higher than expected, the Federal Reserve may keep interest rates unchanged; if the data meets or falls below expectations, it will pave the way for another rate cut.