Core PCE is due tonight at 8:30. The crypto world’s most important set of numbers today will be settled in two hours.
This one carries more weight than usual: the Fed just raised rates last month, and this time the vote to hold steady was 10–2, with Cook and Hammack both dissenting in favor of another 25-basis-point hike. In this environment, if tonight’s data comes in hot, “another hike in December” won’t be a fringe view anymore. Bitcoin just fell below $80,000; if PCE delivers another blow, keep those dip-buying hands in check.
Here’s another interesting detail: Warsh is set to testify before Congress on November 16, with the hearing focused on AI’s impact on productivity and employment. Even the Fed has to hold a special hearing to study AI now. Is this cycle a bubble or a transformation? The central bank has already voted with its feet.
During the day, you only need to keep an eye on two things: Marvell is reportedly in advanced talks to acquire Lumentum—optical transceivers are evolving from selling shovels to grabbing a seat at the table; Google fell nearly 10% after hours, but Gemini 4 Carbon is still launching as planned, with clear improvements in coding and security capabilities. The stock price is one thing; the tech race is another.
Don’t bet big on a direction before PCE comes out. All the volatility before the data is just a head fake.
$ETH $SOL is watching along with Bitcoin. Let’s wait for the data. NFA DYOR
#核心PCE #美联储 #比特币 #AI #Cryptocurrency
This one carries more weight than usual: the Fed just raised rates last month, and this time the vote to hold steady was 10–2, with Cook and Hammack both dissenting in favor of another 25-basis-point hike. In this environment, if tonight’s data comes in hot, “another hike in December” won’t be a fringe view anymore. Bitcoin just fell below $80,000; if PCE delivers another blow, keep those dip-buying hands in check.
Here’s another interesting detail: Warsh is set to testify before Congress on November 16, with the hearing focused on AI’s impact on productivity and employment. Even the Fed has to hold a special hearing to study AI now. Is this cycle a bubble or a transformation? The central bank has already voted with its feet.
During the day, you only need to keep an eye on two things: Marvell is reportedly in advanced talks to acquire Lumentum—optical transceivers are evolving from selling shovels to grabbing a seat at the table; Google fell nearly 10% after hours, but Gemini 4 Carbon is still launching as planned, with clear improvements in coding and security capabilities. The stock price is one thing; the tech race is another.
Don’t bet big on a direction before PCE comes out. All the volatility before the data is just a head fake.
$ETH $SOL is watching along with Bitcoin. Let’s wait for the data. NFA DYOR
#核心PCE #美联储 #比特币 #AI #Cryptocurrency