Youth, today's PCE data is worth watching closely.
PCE is the Fed’s preferred inflation measure, so the numbers will give the market a clearer picture: has inflation actually started to cool off, or is it still a problem?
If PCE comes in higher than expected, the odds of tighter Fed policy and rate hikes returning strongly will increase, and this would be a bearish scenario for crypto.
But if the reading is lower than expected, it will be reassuring for the market and could give $BTC and the coins room to continue rising.
In short: inflation first, then the market’s reaction. 👀
PCE is the Fed’s preferred inflation measure, so the numbers will give the market a clearer picture: has inflation actually started to cool off, or is it still a problem?
If PCE comes in higher than expected, the odds of tighter Fed policy and rate hikes returning strongly will increase, and this would be a bearish scenario for crypto.
But if the reading is lower than expected, it will be reassuring for the market and could give $BTC and the coins room to continue rising.
In short: inflation first, then the market’s reaction. 👀
