US INFLATION AND GDP REVISIONS PUT SEPTEMBER RATE PRESSURE ON BITCOIN AND ETHEREUM đšđđ
July headline PCE (Personal Consumption Expenditures, a key US inflation measure) came in 0.1 percentage point higher than expected. At the same time, second-quarter GDP was revised upward for private demand and prices. đïžđ
The immediate market moves:
đ¶ The 2-year US Treasury yield (interest on government debt tied to rate expectations) added 4.4 basis points (0.044%) đ
đ· Central bank rate hike odds rose 1.4 points to 38.7% đŠ
đž $BTC and $ETH had an initial quick dip, but recovered within 30 minutes as Core PCE matched forecasts đ”
Why this matters for crypto markets into September:
đ„ Solid economic growth and sticky prices give the Federal Reserve less urgency to rush into big interest rate cuts âĄ
đ§ Higher yields on government bonds offer safer returns, which can temporarily reduce demand for risk assets đ
đš September has historically been a cautious month for crypto traders ahead of central bank meetings đ
đ© A core inflation match prevents panic selling, but prices stay sensitive to every upcoming macro release âïž
do you think the Fed cuts rates in September? đ
#Bitcoin #Ethereum #Crypto #Fed #Macro
July headline PCE (Personal Consumption Expenditures, a key US inflation measure) came in 0.1 percentage point higher than expected. At the same time, second-quarter GDP was revised upward for private demand and prices. đïžđ
The immediate market moves:
đ¶ The 2-year US Treasury yield (interest on government debt tied to rate expectations) added 4.4 basis points (0.044%) đ
đ· Central bank rate hike odds rose 1.4 points to 38.7% đŠ
đž $BTC and $ETH had an initial quick dip, but recovered within 30 minutes as Core PCE matched forecasts đ”
Why this matters for crypto markets into September:
đ„ Solid economic growth and sticky prices give the Federal Reserve less urgency to rush into big interest rate cuts âĄ
đ§ Higher yields on government bonds offer safer returns, which can temporarily reduce demand for risk assets đ
đš September has historically been a cautious month for crypto traders ahead of central bank meetings đ
đ© A core inflation match prevents panic selling, but prices stay sensitive to every upcoming macro release âïž
do you think the Fed cuts rates in September? đ
#Bitcoin #Ethereum #Crypto #Fed #Macro
