NDXUSD

The finale of the technology index for the week will be determined by the Core PCE inflation data, which will be released today and plays a key role in the Fed's monetary policy decisions. Rising bond yields following yesterday's strong employment data have created some pressure on interest rate-sensitive technology stocks, while a cooling in inflation today could reverse this pressure. A data point that falls below expectations has the potential to create a perception that the Fed is closer to a loosening cycle, potentially initiating a relief rally in the index.