crashofthetitansds| Yuxin Bank: U.S. nominal PCE in April is expected to slow to 0.2%, retail sales report is poor

News summary

Yuxin Bank expects nominal U.S. PCE to slow down to 0 in Aprilcrashofthetitansds.2%crashofthetitansds, affected by the cooling of the labor market, the exhaustion of savings among low-income groups and restrictive monetary policies.

Newsletter text

Analysis by Yuxin Bank pointed out that U.S. retail sales data in April failed to meet market expectations, and nominal personal consumption expenditure (PCE) growth in April is expected to drop from 0.8% in the previous month to 0.2%. This forecast is mainly based on the gradual cooling of the labor market, the decline in savings of low-income households and the current restrictive monetary policy.