Woooow! 🔥 US inflation data came in unexpectedly positive 👀
The annual PCE index fell to 3.4% versus expectations of 3.7%, and even core PCE came in at 3.0% instead of 3.3%. And the best part is that the July data were also revised downward.
It seems the comments from Fed governor John Williams, who said there’s no need to rush to raise rates, were on point. Now the probability of a rate hike in October is falling again, which could give the market some breathing room.
$BTC , and currencies started reacting positively to the news, and to be honest today and tomorrow could be good for the market if this momentum continues.
But let’s not forget that volatility could be strong, and we may see some post-news manipulation. So be careful ⚠️
#PCE
#ADP
#CryptoNews
The annual PCE index fell to 3.4% versus expectations of 3.7%, and even core PCE came in at 3.0% instead of 3.3%. And the best part is that the July data were also revised downward.
It seems the comments from Fed governor John Williams, who said there’s no need to rush to raise rates, were on point. Now the probability of a rate hike in October is falling again, which could give the market some breathing room.
$BTC , and currencies started reacting positively to the news, and to be honest today and tomorrow could be good for the market if this momentum continues.
But let’s not forget that volatility could be strong, and we may see some post-news manipulation. So be careful ⚠️
#PCE
#ADP
#CryptoNews
