Many people are concerned about the PCE's positive and negative impacts, but it actually doesn't matter! This is just a numbers game played by the beautiful government’s labor statistics department. When the announcement is lower than expected, it's negative for the dollar.
It clearly tells everyone: when the announced data is lower than expected, it indicates lower inflation, which is favorable for interest rate cuts!
In just a few minutes, Trump immediately pressured the Federal Reserve with PCE: PCE data suggests that economic development is very good, prices are low, and the residents' happiness index is rising. The Federal Reserve should cut interest rates; I hope for a direct cut of 100 basis points. However, Powell never considers these things; he is a selfish and annoying guy!