The US stock market fluctuated greatly last Friday and experienced a V-shaped reversal!
There was good news before the market opened last Friday, and the three major US stock indexes collectively opened slightly higher!
Specifically, data released by the US Department of Commerce showed that the US potential inflation indicator closely watched by the Federal Reserve - the core PCE price index in April (excluding food and energy with large fluctuations) recorded a monthly rate of 0.2%, lower than the expected 0.3%, and an increase of 2.8% year-on-year.
This data shows that US inflation pressure eased in April, providing strong support for the Fed's possible interest rate cut policy. Economists generally believe that the core PCE inflation data can more accurately reflect the inflation trend than the overall index, so its slowdown is a positive signal for the market
