Today the US releases PCE inflation, the number the Fed actually watches.
Quick context, because this matters for every asset you hold:
The Fed raised rates on Sep 16 to a range of 3.75% to 4%, the first hike since 2023. Their own projection has PCE inflation at 3.7% this year against a 2% target. The 10 year Treasury yield touched 5.23%, the highest since 2007.
When safe government bonds pay over 5%, every risky asset has to compete with that. Gold, stocks, $BTC and everything else.
A hot PCE print today keeps the pressure on. A cool one gives markets room to breathe before the Fed meets again on Oct 27 and 28.
I am not predicting the number. I am making sure I understand why the market moves when it comes out.
Do you check macro data before trading, or only the chart?
#PCE #FederalReserve #Macro $BTC $ETH
Quick context, because this matters for every asset you hold:
The Fed raised rates on Sep 16 to a range of 3.75% to 4%, the first hike since 2023. Their own projection has PCE inflation at 3.7% this year against a 2% target. The 10 year Treasury yield touched 5.23%, the highest since 2007.
When safe government bonds pay over 5%, every risky asset has to compete with that. Gold, stocks, $BTC and everything else.
A hot PCE print today keeps the pressure on. A cool one gives markets room to breathe before the Fed meets again on Oct 27 and 28.
I am not predicting the number. I am making sure I understand why the market moves when it comes out.
Do you check macro data before trading, or only the chart?
#PCE #FederalReserve #Macro $BTC $ETH