#USQ3GDPAndSeptemberPCEDueNextWeek
đșđž GDP and PCE Land Thursday, Right After the Fed
đ The BEA releases Q3 GDP (advance) and September PCE together on Oct 29 at 8:30 AM ET
đŠ That's one day after the Fed's Oct 28 decision, so the data hits after the call is made
đ Q2 growth was revised up to 2.2%. Forecasts for Q3 range from 1.7% (AP survey) to about 3%
đ„ Headline PCE is seen at +0.5% m/m, lifting the yearly rate to 3.6% from 3.4% (CMC Markets)
đ Core PCE is seen at +0.3% m/m, or 3.1% a year, up from 3.0%
â ïž A hold is expected Wednesday, so Thursday's numbers mostly reshape December hike bets
What it means for crypto: hot inflation with solid growth would keep hike talk alive, while soft data could ease pressure on risk assets. BTC sits near $80.5K, flat on the day.
Which matters more for Bitcoin this week, the Fed or PCE? đ
$BTC $ETH
#USQ3GDPAndSeptemberPCEDueNextWeek #CryptoNews #Macro #Fed
đșđž GDP and PCE Land Thursday, Right After the Fed
đ The BEA releases Q3 GDP (advance) and September PCE together on Oct 29 at 8:30 AM ET
đŠ That's one day after the Fed's Oct 28 decision, so the data hits after the call is made
đ Q2 growth was revised up to 2.2%. Forecasts for Q3 range from 1.7% (AP survey) to about 3%
đ„ Headline PCE is seen at +0.5% m/m, lifting the yearly rate to 3.6% from 3.4% (CMC Markets)
đ Core PCE is seen at +0.3% m/m, or 3.1% a year, up from 3.0%
â ïž A hold is expected Wednesday, so Thursday's numbers mostly reshape December hike bets
What it means for crypto: hot inflation with solid growth would keep hike talk alive, while soft data could ease pressure on risk assets. BTC sits near $80.5K, flat on the day.
Which matters more for Bitcoin this week, the Fed or PCE? đ
$BTC $ETH
#USQ3GDPAndSeptemberPCEDueNextWeek #CryptoNews #Macro #Fed