#USCorePCEEasesTo3%InAugust
📉 U.S. Core PCE Inflation Eases to 3.0%
🇺🇸 U.S. core PCE inflation came in at 3.0% YoY in August, below the 3.3% consensus estimate.
⚡ The softer reading reduces near-term inflation pressure, but inflation remains above the Fed’s 2% objective.
💵 For crypto, the key transmission is through rate expectations, Treasury yields, and the U.S. dollar, not the PCE figure alone.
👀 Could softer inflation change expectations for the next Fed moves?
#Bitcoin #CryptoMarket #Inflation #Fed
📉 U.S. Core PCE Inflation Eases to 3.0%
🇺🇸 U.S. core PCE inflation came in at 3.0% YoY in August, below the 3.3% consensus estimate.
⚡ The softer reading reduces near-term inflation pressure, but inflation remains above the Fed’s 2% objective.
💵 For crypto, the key transmission is through rate expectations, Treasury yields, and the U.S. dollar, not the PCE figure alone.
👀 Could softer inflation change expectations for the next Fed moves?
#Bitcoin #CryptoMarket #Inflation #Fed
