🔥 Hot PCE Data Dampens Fed Rate-Cut Hopes
🇺🇸 U.S. PCE inflation remains sticky: July headline PCE held at 3.7% YoY, while core PCE stayed at 3.3%, well above the Fed’s 2% target.
📉 This reduces expectations for near-term Fed rate cuts and keeps monetary policy restrictive.
💵 Bullish for the U.S. dollar, while higher-for-longer rates could pressure TRUMP, ADA, DOT altcoins and risk assets.
⚠️ Markets are now watching Fed Chair Kevin Warsh’s Jackson Hole speech for further policy signals.
🇺🇸 U.S. PCE inflation remains sticky: July headline PCE held at 3.7% YoY, while core PCE stayed at 3.3%, well above the Fed’s 2% target.
📉 This reduces expectations for near-term Fed rate cuts and keeps monetary policy restrictive.
💵 Bullish for the U.S. dollar, while higher-for-longer rates could pressure TRUMP, ADA, DOT altcoins and risk assets.
⚠️ Markets are now watching Fed Chair Kevin Warsh’s Jackson Hole speech for further policy signals.
