đ„ PCE indicator just shook the market: inflation cools sharply, and the âtightness curseâ is eased in the crypto world
Issued just at 20:30âcore PCE monthly +0.2% (forecast 0.3%) and +3.0% year-over-year (forecast 3.3%), both far below expectations, and it fell sharply from 3.3% to 3.0% year-over-year. Coupled with todayâs concurrent BEA account benchmark revisions, the reading was systematically pulled downward.
This is a strong positive factor: the pullback â bets on a rate hike in October fade â US dollar and Treasury yields come under pressure â liquidity expectations recover. Itâs expected to test $BTC between 85,000 and 87,000, $ETH 2,727, and the time consumption on Mars at 120.
But donât blindly chase: once the data is released, first check whether the 10-year Treasury yield falls in parallelâif prices donât move together downward, it means the market is still pricing in other risks, and thatâs fake good news. Wait for a pullback before entering to avoid âlocking in the good-news gains.â
#October rate-hike expectations fall back; PCE becomes the key tonight #Earnings Report Watcher: Micronâs earnings report is approaching, and demand for AI storage is becoming the focus as #30-year US Treasury yields break through 5.6%, the highest since 2002
$ZEC
Issued just at 20:30âcore PCE monthly +0.2% (forecast 0.3%) and +3.0% year-over-year (forecast 3.3%), both far below expectations, and it fell sharply from 3.3% to 3.0% year-over-year. Coupled with todayâs concurrent BEA account benchmark revisions, the reading was systematically pulled downward.
This is a strong positive factor: the pullback â bets on a rate hike in October fade â US dollar and Treasury yields come under pressure â liquidity expectations recover. Itâs expected to test $BTC between 85,000 and 87,000, $ETH 2,727, and the time consumption on Mars at 120.
But donât blindly chase: once the data is released, first check whether the 10-year Treasury yield falls in parallelâif prices donât move together downward, it means the market is still pricing in other risks, and thatâs fake good news. Wait for a pullback before entering to avoid âlocking in the good-news gains.â
#October rate-hike expectations fall back; PCE becomes the key tonight #Earnings Report Watcher: Micronâs earnings report is approaching, and demand for AI storage is becoming the focus as #30-year US Treasury yields break through 5.6%, the highest since 2002
$ZEC