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Deutsche Bank: U.S. PCE data prompts market to cut bets on Fed rate hikes

金色财经_
Jinse Finance reports, on June 26, the U.S. dollar edged lower as the market lowered expectations for a Fed rate hike. Data on Thursday showed that the Personal Consumption Expenditures price index (PCE) rose 0.4% month-over-month, below economists' expectations of 0.5%. Deutsche Bank analysts said in a report that this "has tempered the increasingly heated narrative of a Fed rate hike in recent weeks." They said that while Fed officials remain cautious about the inflation outlook, there is growing speculation that the Fed may not need to raise rates at all this year.
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