đš US PMI JUST DROPPED â HEREâS WHY CRYPTO TRADERS CARE
The U.S. Services PMI came in at 54.9, slightly lower than the previous 55.4.
đ Softer services data = some cooling in the economy
đŠ Could support a less-hawkish Fed outlook
đ° Lower rate pressure can be positive for risk assets like crypto
But donât assume âPMI down = BTC pump.â
Markets react to the actual number vs expectations and the bigger inflation + Fed picture.
đ BTC traders, are you bullish or bearish from here?
#FedRateDecisions
The U.S. Services PMI came in at 54.9, slightly lower than the previous 55.4.
đ Softer services data = some cooling in the economy
đŠ Could support a less-hawkish Fed outlook
đ° Lower rate pressure can be positive for risk assets like crypto
But donât assume âPMI down = BTC pump.â
Markets react to the actual number vs expectations and the bigger inflation + Fed picture.
đ BTC traders, are you bullish or bearish from here?
#FedRateDecisions
