🚨JUST OUT: U.S. PCE inflation came in COOLER than expected.
Headline PCE YoY: 3.4% vs. 3.7% expected
Core PCE YoY: 3.0% vs. 3.3% expected
July headline and core PCE were also revised down by 30 bps each.
The softer inflation picture is easing pressure on the Fed to stay tighter for longer, with October rate hike odds falling again.
That is generally SUPPORTIVE for stocks and crypto, as lower rate expectations can boost liquidity and risk appetite.
$BTC
Headline PCE YoY: 3.4% vs. 3.7% expected
Core PCE YoY: 3.0% vs. 3.3% expected
July headline and core PCE were also revised down by 30 bps each.
The softer inflation picture is easing pressure on the Fed to stay tighter for longer, with October rate hike odds falling again.
That is generally SUPPORTIVE for stocks and crypto, as lower rate expectations can boost liquidity and risk appetite.
$BTC