đš BTC JUST GOT A MACRO BOOST. đ
U.S. inflation came in cooler than expected. đ
đșđž PCE: 3.4% vs 3.7% expected
đ Core PCE: 3.0% vs 3.3% expected
âż Bitcoin pushed back toward $85K
Markets also cut expectations for an October Fed rate hike after the data.
But thereâs a catch: inflation is still well above the Fedâs 2% target, and Treasury yields remain elevated. â ïž
So the big question is:
Can softer inflation give BTC the fuel it needs for another move higher? đ
#bitcoin #BTC #PCE #crypto #BinanceSquare
U.S. inflation came in cooler than expected. đ
đșđž PCE: 3.4% vs 3.7% expected
đ Core PCE: 3.0% vs 3.3% expected
âż Bitcoin pushed back toward $85K
Markets also cut expectations for an October Fed rate hike after the data.
But thereâs a catch: inflation is still well above the Fedâs 2% target, and Treasury yields remain elevated. â ïž
So the big question is:
Can softer inflation give BTC the fuel it needs for another move higher? đ
#bitcoin #BTC #PCE #crypto #BinanceSquare