cpe

All macro data indicators point to one thing ⏩ whether people have money in hand and whether they are willing to take out money to buy high-volatility items.
The most common reasons for the rise and fall of Web3 assets are not about 'how good the data is,' but rather what the market thinks after seeing the data: Will borrowing money become more expensive next? Will it be harder to access money? If the answer is 'more expensive, harder,' it will likely fall; if the answer is 'cheaper, easier to access,' it will likely rise.
You can think of the Federal Reserve as a 'faucet.' The higher the interest rates, the tighter the faucet, making it harder for money to flow into the market; the lower the interest rates, the looser the faucet, allowing money to flow out more easily.

Key information
- PCE Inflation (Personal Consumption Expenditures):
Result: 2.6% | Expected: 2.6% | Previous: 2.6%
- Core PCE Inflation (excluding energy and food):
Result: 2.9% | Expected: 2.9% | Previous: 2.8%
1. Significance of the data
▫️ PCE (Personal Consumption Expenditures): A measure of inflation that the Fed prioritizes, reflecting the costs of goods and services consumed.
▫️ Core PCE: More important as it excludes the volatile prices of energy and food, reflecting the underlying inflation trend.