July Core PCE came in at 3.3% 👀
That’s the third month in a row at the same level, showing that inflation is still proving difficult to cool.
Headline PCE is around 3.7%, which remains well above the Federal Reserve’s 2% target.
So while inflation isn’t getting worse, it also isn’t showing much progress toward the target.
For me, the bigger question now is what this means for interest rates and whether the higher-for-longer narrative stays in play.
I’ll be watching the dollar, Treasury yields, stocks, and crypto for the market’s reaction as traders adjust their expectations.
The dollar could be especially interesting if rate expectations shift.
DXY-USDT Perpetual is available on BingX, giving traders another way to follow dollar movements alongside other markets.
As always, manage risk and trade carefully. 📈
#CorePCE #BingX
That’s the third month in a row at the same level, showing that inflation is still proving difficult to cool.
Headline PCE is around 3.7%, which remains well above the Federal Reserve’s 2% target.
So while inflation isn’t getting worse, it also isn’t showing much progress toward the target.
For me, the bigger question now is what this means for interest rates and whether the higher-for-longer narrative stays in play.
I’ll be watching the dollar, Treasury yields, stocks, and crypto for the market’s reaction as traders adjust their expectations.
The dollar could be especially interesting if rate expectations shift.
DXY-USDT Perpetual is available on BingX, giving traders another way to follow dollar movements alongside other markets.
As always, manage risk and trade carefully. 📈
#CorePCE #BingX
