🚨 The Federal Reserve just got an even stronger reason to pause
US PCE inflation slowed to 3.4% year-on-year versus 3.7% expected, easing concerns that inflation was starting to accelerate again. Core PCE inflation also came in ahead of expectations.
And the labor market is cooling too.
Open job openings (JOLTS) fell to 7.079 million versus 7.230 million expected, down from 7.335 million previously.
Slower inflation + weaker demand for labor = more room for the Federal Reserve to stay on hold before any further interest-rate increase.
Markets just received a major economic signal.$BTC $ETH $ZEC
US PCE inflation slowed to 3.4% year-on-year versus 3.7% expected, easing concerns that inflation was starting to accelerate again. Core PCE inflation also came in ahead of expectations.
And the labor market is cooling too.
Open job openings (JOLTS) fell to 7.079 million versus 7.230 million expected, down from 7.335 million previously.
Slower inflation + weaker demand for labor = more room for the Federal Reserve to stay on hold before any further interest-rate increase.
Markets just received a major economic signal.$BTC $ETH $ZEC
