[Inside] The Market's Biggest Movers

The PCE and The Fed: Drama We Can’t Ignore [StreetAuthority]    From Our Partners  [[Inside] The Market's Biggest Movers]( As investors, we all know the horror stories of trading on emotion and chasing "gut feelings." The alternative? Data. And lots of it. Technical analysis is one of the most powerful skills a trader can develop. But it requires a ton of time and effort - testing and analysis. It's a full-time job. Now a service is here that can give you with all that power with any drain on your time. Introducing Chart +100 MAX. It's as easy as opening your email. [Click HERE to get all the details on Chart +100 MAX.](   The PCE and The Fed: Drama We Can’t Ignore By John Persinos  You’re probably weary of the endless chatter about the Federal Reserve. I am, for sure. But we have no choice but to tune in, given the central bank’s enormous clout. This week, the economic agenda is relatively sparse, with the spotlight on Friday’s release of the core personal consumption expenditures (PCE) inflation index, the Fed’s favored inflation gauge. Early signals from consumer and producer prices suggest a cooling in inflation, hinting that the Fed might finally consider an interest rate cut post-summer. Yes, it’s more Fed-related news, but it’s the drama we can’t afford to ignore. Projections indicate that core PCE may decelerate to a 0.1% increase for May, marking the slowest monthly rise this year and pulling the annual inflation rate down to 2.6%. Should this forecast materialize, it would represent the most modest year-over-year inflation since March 2021. Current market sentiment assigns a 64% likelihood to a rate cut in September, followed by another in December. This scenario appears plausible, contingent upon the next three inflation reports leading up to the September Federal Open Market Committee (FOMC) meeting. Regardless of whether the Fed enacts one or two cuts this year, the broader perspective is that the Fed may be entering a prolonged phase of rate reductions to normalize monetary policy. Also on the radar this week are political events. The first U.S. presidential debate between Joe Biden and Donald Trump is scheduled for Thursday, and the initial round of the French parliamentary elections will take place on Sunday. Wall Street is typically inured to political theater, but the stakes in this year’s U.S. election are enormous. [Read More...](   [calendar]( [Save the date: Payouts go out on Thursday]( If you’ve got plans on Thursday morning… then you may want to reschedule. That’s because renowned trader Jim Fink is sending out a simple 10-minute trade that could help put the first $1,692.50 payment in your pocket - instantly. It’s NOT about stocks… bonds… or any other slow “buy & hold” strategy… It’s simply the easiest way to collect extra income every single week. [Click here to find out more now.]( You are receiving this email at {EMAIL}as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms](   [Privacy](   [Unsubscribe]( ©2024 [[ StreetAuthority ]] [[ 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 ]] All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.