BULLISH Crypto
The U.S. core PCE price index for August rose 3.0% year-on-year, below the market expectation of 3.3% and the previous value of 3.3%. As the Fed's most valued inflation gauge, core PCE year-on-year growth fell by 0.3 percentage points from the previous value and was 0.3 percentage points below expectations. The PCE price index released during the same period rose 3.4% year-on-year, also below the expected 3.7% and previous 3.7%, with both declines of 0.3 percentage points. Both core and overall PCE year-on-year growth rates were below market expectations and previous values, indicating that inflationary pressures have eased compared to before. The PCE price index is the main reference for the Fed's interest rate decisions. The recent core inflation data falling short of expectations may provide more basis for easing inflationary pressure on the Fed's subsequent policy path. PCE is key tonight
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The U.S. core PCE price index for August rose 3.0% year-on-year, below the market expectation of 3.3% and the previous value of 3.3%. As the Fed's most valued inflation gauge, core PCE year-on-year growth fell by 0.3 percentage points from the previous value and was 0.3 percentage points below expectations. The PCE price index released during the same period rose 3.4% year-on-year, also below the expected 3.7% and previous 3.7%, with both declines of 0.3 percentage points. Both core and overall PCE year-on-year growth rates were below market expectations and previous values, indicating that inflationary pressures have eased compared to before. The PCE price index is the main reference for the Fed's interest rate decisions. The recent core inflation data falling short of expectations may provide more basis for easing inflationary pressure on the Fed's subsequent policy path. PCE is key tonight
$BTC
$SOL
