PCE JUST GAVE THE FED ANOTHER REASON TO CHILL.
US PCE / GDP DATA:
• Core PCE YoY: 3.0% vs 3.3% est.
• Core PCE MoM: 0.2% vs 0.3% est.
• PCE YoY: 3.4% vs 3.7% est.
• PCE MoM: 0.3% vs 0.3% est.
• Q2 Final GDP: 2.2% vs 1.5% est.
Core PCE came in below expectations, while GDP growth was stronger than expected.
Meanwhile, Polymarket’s odds of a 25bps October Fed hike dropped to 32%, while hold rose to 69%.
BTC: $85.1K
1H RSI: 68.6
1H liquidations: $88.7M — including $85M shorts.
FED: “Inflation is cooling.”
GDP: “Growth is strong.”
BTC: “SO WE’RE JUST PUMPING THEN?”
US PCE / GDP DATA:
• Core PCE YoY: 3.0% vs 3.3% est.
• Core PCE MoM: 0.2% vs 0.3% est.
• PCE YoY: 3.4% vs 3.7% est.
• PCE MoM: 0.3% vs 0.3% est.
• Q2 Final GDP: 2.2% vs 1.5% est.
Core PCE came in below expectations, while GDP growth was stronger than expected.
Meanwhile, Polymarket’s odds of a 25bps October Fed hike dropped to 32%, while hold rose to 69%.
BTC: $85.1K
1H RSI: 68.6
1H liquidations: $88.7M — including $85M shorts.
FED: “Inflation is cooling.”
GDP: “Growth is strong.”
BTC: “SO WE’RE JUST PUMPING THEN?”
