US inflation hotter than expected again 🔥
July PCE: 3.7% YoY (vs 3.6% est)
Core PCE: 3.3%
2nd highest reading since Oct 2024. Fed's 2% target? Still miles away.
This is the Fed's #1 inflation gauge. Sticky inflation narrative just got reinforced. Rate cuts? Don't hold your breath.
Macro headwinds remain real for risk assets. Watch $BTC reaction to this — liquidity ain't coming easy.
July PCE: 3.7% YoY (vs 3.6% est)
Core PCE: 3.3%
2nd highest reading since Oct 2024. Fed's 2% target? Still miles away.
This is the Fed's #1 inflation gauge. Sticky inflation narrative just got reinforced. Rate cuts? Don't hold your breath.
Macro headwinds remain real for risk assets. Watch $BTC reaction to this — liquidity ain't coming easy.
