The market has waited for so long,
and finally a real piece of good news arrived: PCE is cooling
In August, PCE year-over-year was 3.4%
below the market expectation of 3.7%
Core PCE year-over-year was 3.0%
also below the expected 3.3%
The month-over-month figures were also below expectations, and the July data was revised downward. After the data was released, the market further reduced its bets on a potential Fed rate hike in October. This is one of the most direct macro variables affecting $BTC , US stocks, and gold over the past few days. $XAUT $SNDKB
and finally a real piece of good news arrived: PCE is cooling
In August, PCE year-over-year was 3.4%
below the market expectation of 3.7%
Core PCE year-over-year was 3.0%
also below the expected 3.3%
The month-over-month figures were also below expectations, and the July data was revised downward. After the data was released, the market further reduced its bets on a potential Fed rate hike in October. This is one of the most direct macro variables affecting $BTC , US stocks, and gold over the past few days. $XAUT $SNDKB