🐉 Macro triple-header lands: US growth beats, inflation sticks, ECB holds — BTC clings to $80K
👉 US Q3 GDP (advance): +3.4% annualized, beating the 3.2% consensus and up from 2.2% in Q2, driven by consumer spending and investment
👉 September Core PCE: +3.1% y/y and +0.3% m/m, in line with expectations but still above the Fed's 2% target; headline PCE rose to 3.6% y/y
👉 ECB holds: deposit rate unchanged at 2.50%, main refinancing at 2.65%, marginal lending at 2.90%, data-dependent and not pre-committing to a rate path
👉 ECB signal: energy prices pose upside risks to inflation and downside risks to growth, while underlying inflation stayed broadly stable; a December hike remains in focus, and Lagarde's early February exit is also in focus
👉 BTC reaction: trading around $80,000, with an intraday range near $79,710-$81,789, slightly lower on the day as tightening bets stay alive into December
#BinanceSquare #Bitcoin #Macro #Crypto
Growth beat, inflation sticky, central banks still on hold — December is now the key test.
👉 US Q3 GDP (advance): +3.4% annualized, beating the 3.2% consensus and up from 2.2% in Q2, driven by consumer spending and investment
👉 September Core PCE: +3.1% y/y and +0.3% m/m, in line with expectations but still above the Fed's 2% target; headline PCE rose to 3.6% y/y
👉 ECB holds: deposit rate unchanged at 2.50%, main refinancing at 2.65%, marginal lending at 2.90%, data-dependent and not pre-committing to a rate path
👉 ECB signal: energy prices pose upside risks to inflation and downside risks to growth, while underlying inflation stayed broadly stable; a December hike remains in focus, and Lagarde's early February exit is also in focus
👉 BTC reaction: trading around $80,000, with an intraday range near $79,710-$81,789, slightly lower on the day as tightening bets stay alive into December
#BinanceSquare #Bitcoin #Macro #Crypto
Growth beat, inflation sticky, central banks still on hold — December is now the key test.