To be honest, staring at the screen waiting for this “delayed” inflation report has me feeling pretty anxious. The market is already like an overinflated balloon, just waiting for the Fed to pop it with a rate cut next week. But now, whether this balloon can take off nicely all depends on whether tonight’s PCE data pours cold water on things.
Frankly, I feel a bit uneasy about the current “early celebration” atmosphere. Everyone’s way too optimistic—the CME shows a nearly 90% chance of a rate cut, as if the Fed has no other choice. This kind of consensus actually feels very fragile to me—if th
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