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U.S. Personal Consumption Expenditures (PCE) Price Index will Rule Today's Early Trade

The job market is cooling off. As soon as the dollar broke, and there are ideas of a Fed rate cut pause, all of that means rate cuts down the road. Gold takes off. Silver is back to $25 an ounce. The next rally can get up to and fight a battle at the 18-week average of closes. It's probably a month, if not longer. Now the question is, does it punch through it? 

This morning we're going to get income and expenditures. The Fed always looks at those numbers, the PCE. So keep your eye on that. Friday, the jobs reports. Then we're going to get a series of CPI and PPI. Those numbers are going to weigh heavily on this market. 

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