US INFLATION AND GDP REVISIONS PUT SEPTEMBER RATE PRESSURE ON BITCOIN AND ETHEREUM 🚨👀📉
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. 🏛️📊
The immediate market moves:
🔶 The 2-year US Treasury yield (interest on government debt tied to rate expectations) added 4.4 basis points (0.044%) 📈
🔷 Central bank rate hike odds rose 1.4 points to 38.7% 🏦
🔸 $BTC and $ETH had an initial quick dip, but recovered within 30 minutes as Core PCE matched forecasts 💵
Why this matters for crypto markets into September:
🟥 Solid economic growth and sticky prices give the Federal Reserve less urgency to rush into big interest rate cuts ⚡
🟧 Higher yields on government bonds offer safer returns, which can temporarily reduce demand for risk assets 📉
🟨 September has historically been a cautious month for crypto traders ahead of central bank meetings 📅
🟩 A core inflation match prevents panic selling, but prices stay sensitive to every upcoming macro release ⚖️
do you think the Fed cuts rates in September? 👇
#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. 🏛️📊
The immediate market moves:
🔶 The 2-year US Treasury yield (interest on government debt tied to rate expectations) added 4.4 basis points (0.044%) 📈
🔷 Central bank rate hike odds rose 1.4 points to 38.7% 🏦
🔸 $BTC and $ETH had an initial quick dip, but recovered within 30 minutes as Core PCE matched forecasts 💵
Why this matters for crypto markets into September:
🟥 Solid economic growth and sticky prices give the Federal Reserve less urgency to rush into big interest rate cuts ⚡
🟧 Higher yields on government bonds offer safer returns, which can temporarily reduce demand for risk assets 📉
🟨 September has historically been a cautious month for crypto traders ahead of central bank meetings 📅
🟩 A core inflation match prevents panic selling, but prices stay sensitive to every upcoming macro release ⚖️
do you think the Fed cuts rates in September? 👇
#Bitcoin #Ethereum #Crypto #Fed #Macro
