The year-on-year growth rate of core PCE in the United States was 2.82%, slightly higher than the expected 2.7%, with a month on month increase of 0.3%. Market interpretation suggests that inflation pressure is not significant, and expectations for interest rate cuts have increased; Last week, the Seven Technology Giants announced some of their performance, igniting market enthusiasm. Google’s performance exceeded expectations, with substantial growth in AI and active dividend buybacks. Future investment in artificial intelligence also exceeded expectations.
The year-on-year growth rate of core PCE in the United States was 2.82%, slightly higher than the expected 2.7%, with a month on month increase of 0.3%. Market interpretation suggests that inflation pressure is not significant, and expectations for interest rate cuts have increased; Last week, the Seven Technology Giants announced some of their performance, igniting market enthusiasm. Google’s performance exceeded expectations, with substantial growth in AI and active dividend buybacks. Future investment in artificial intelligence also exceeded expectations.