🚨🇺🇸 US CORE PCE DROPS TO 3.0% — INFLATION COOLING
📉 August Core PCE came in at 3.0% YoY, below the 3.3% expected, while monthly core PCE rose 0.2%. �
Reuters +1
⚡ The softer inflation reading reduced market expectations for an October Fed rate hike, but rate cuts are NOT confirmed. The Fed’s 2% inflation target remains above current readings, while consumer spending jumped 0.9% in August. �
Reuters
👀 Crypto traders are watching the Fed, liquidity and risk assets closely.
$ZEC $BTC
$XRP
ZEC/USDT PERP | XRP/USDT PERP
#ZEC #XRP #Crypto #Fed #PCE
📉 August Core PCE came in at 3.0% YoY, below the 3.3% expected, while monthly core PCE rose 0.2%. �
Reuters +1
⚡ The softer inflation reading reduced market expectations for an October Fed rate hike, but rate cuts are NOT confirmed. The Fed’s 2% inflation target remains above current readings, while consumer spending jumped 0.9% in August. �
Reuters
👀 Crypto traders are watching the Fed, liquidity and risk assets closely.
$ZEC $BTC
$XRP
ZEC/USDT PERP | XRP/USDT PERP
#ZEC #XRP #Crypto #Fed #PCE
