🇺🇸 PCE inflation just came in hot.
3.7% vs. 3.6% expected.
One-tenth of a point… but these misses compound.
If this keeps up, rate cuts get pushed further out — and that's the kind of pressure risk assets feel.
Too early to call it a trend, but I'm watching the next print closely.
$BTR $AAPLB ONG $XRP