July’s PCE report shows that inflation is still proving difficult to bring down. Core PCE remained at 3.3% year over year for the third consecutive month, while headline PCE held at 3.7%. Both remain significantly above the Federal Reserve’s 2% target. The important part is that inflation isn’t accelerating dramatically, but it also isn’t making meaningful progress toward the Fed’s target. That creates a difficult backdrop for monetary policy and could keep rates elevated for longer. Markets are already paying close attention to the Fed’s next signals, especially with Jackson Hole approaching. For me, DXY is one of the more interesting markets to watch as expectations adjust. I’m keeping an eye on DXY-USDT through BingX. #Macro Insights# #Altcoin Season#