Core PCE is still stuck at 3.3% YoY for the third consecutive month, with monthly inflation picking up to 0.2%. Headline PCE is around 3.7%, versus the Fed’s 2% target. That makes a quick return to the target look difficult and keeps higher for longer firmly on the table. The market reaction is worth watching: USD bullish, equities and BTC pressured, gold neutral, bonds under pressure. For a direct look at the dollar, DXY-USDT perpetuals are available on BingX.