๐บ๐ธ๐จ US PCE INFLATION COMES IN BELOW EXPECTATIONS!
๐ PCE: 3.4%
๐ Expected: 3.7%
โฌ๏ธ Lowest in 6 months
The softer-than-expected inflation reading has reduced some pressure for further Fed rate hikes, although inflation is still above the Fedโs 2% target.
๐ฅ WHAT COULD THIS MEAN FOR CRYPTO?
Lower-than-expected inflation can improve market sentiment and reduce expectations for tighter monetary policyโbut BTC and altcoins can still react differently depending on upcoming economic data. ๐๐
๐ Will this become a bullish signal for Bitcoin and crypto?
#PCE #Inflation #Bitcoin CryptoNews $AAPLB $BTC $BNB
๐ PCE: 3.4%
๐ Expected: 3.7%
โฌ๏ธ Lowest in 6 months
The softer-than-expected inflation reading has reduced some pressure for further Fed rate hikes, although inflation is still above the Fedโs 2% target.
๐ฅ WHAT COULD THIS MEAN FOR CRYPTO?
Lower-than-expected inflation can improve market sentiment and reduce expectations for tighter monetary policyโbut BTC and altcoins can still react differently depending on upcoming economic data. ๐๐
๐ Will this become a bullish signal for Bitcoin and crypto?
#PCE #Inflation #Bitcoin CryptoNews $AAPLB $BTC $BNB
