🚨 PCE TONIGHT — BUT THE FED REACTION MATTERS MORE
July PCE lands at 8:30 PM, but the headline number isn’t the whole story.
For $BTC and $ETH , the key question is whether the data shifts rate-cut expectations.
1️⃣ PCE near forecasts → likely more chop as markets await Powell.
2️⃣ Cooler than expected → could boost rate-cut bets and risk assets.
3️⃣ Hotter than expected → could pressure crypto as yields and hawkish expectations rise.
The number matters. The Fed reaction matters more
July PCE lands at 8:30 PM, but the headline number isn’t the whole story.
For $BTC and $ETH , the key question is whether the data shifts rate-cut expectations.
1️⃣ PCE near forecasts → likely more chop as markets await Powell.
2️⃣ Cooler than expected → could boost rate-cut bets and risk assets.
3️⃣ Hotter than expected → could pressure crypto as yields and hawkish expectations rise.
The number matters. The Fed reaction matters more