This article discusses the anticipation surrounding the upcoming US Presidential elections and the Federal Reserve's November interest rate decision, which are being closely followed by investors. The article also mentions the announcement of data on Personal Consumption Expenditures (PCE), an indicator that the Federal Reserve considers when making interest rate decisions. The data reveals slight increases in the Core Personal Consumption Expenditure Price Index and the Personal Consumption Expenditure Price Index. The article concludes by mentioning that experts expect the Federal Reserve to make one or two rate cuts by the end of 2024, with a 25 basis point cut in November being highly anticipated.
Expert Says This Time Will Not Be Different After Massive Bitcoin Rallies in Last Three US Elections