Daily Market Report
➢ Gold hits record high, surpasses $3,800 during Monday’s Asian session.
➢ US PCE inflation rose 2.7% YoY in August, matching expectations.
➢ Core PCE remained steady at 2.9% YoY, also in line with forecasts.
➢ Monthly PCE/Core PCE increased by 0.3% and 0.2%, respectively.
➢ Fed rate cuts expected, with 88% odds for October, 65% for December.
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