🚨U.S. inflation came in stronger than expected
July PCE data came in at 3.7%
while expectations were for 3.6%
and core PCE at 3.3% one of the highest readings since October 2024
This means inflation remains far from the Fed’s 2% target
And the message to the markets is clear
Cheap money may be delayed even further
And now all eyes are on Kevin Warsh in Jackson Hole this Friday
Will he give the market hope for a rate cut or add even more pressure
In a world where prices are rising like this
Holding assets has become more important than simply holding cash
$BTC $ETH $XAU
July PCE data came in at 3.7%
while expectations were for 3.6%
and core PCE at 3.3% one of the highest readings since October 2024
This means inflation remains far from the Fed’s 2% target
And the message to the markets is clear
Cheap money may be delayed even further
And now all eyes are on Kevin Warsh in Jackson Hole this Friday
Will he give the market hope for a rate cut or add even more pressure
In a world where prices are rising like this
Holding assets has become more important than simply holding cash
$BTC $ETH $XAU
