🚨🚨Today we have the final inflation reading ahead of Warsh’s speech at Jackson Hole
PCE data is released at 8:30 a.m. New York time
Previous: 3.7%
Forecast: 3.6%
If it comes in above 3.6% ↓ Risk-Off
If it comes in below 3.6% ↑ Risk-On
And timing is very important
because this is the last major inflation reading before Kevin Warsh speaks on Friday at Jackson Hole
Meaning today’s number
could change interest rate expectations, move stocks, and completely flip the $BTC market sentiment
The entire market is waiting for 12:30 p.m. UTC
PCE data is released at 8:30 a.m. New York time
Previous: 3.7%
Forecast: 3.6%
If it comes in above 3.6% ↓ Risk-Off
If it comes in below 3.6% ↑ Risk-On
And timing is very important
because this is the last major inflation reading before Kevin Warsh speaks on Friday at Jackson Hole
Meaning today’s number
could change interest rate expectations, move stocks, and completely flip the $BTC market sentiment
The entire market is waiting for 12:30 p.m. UTC
