July Core PCE came in at 3.3% YoY, staying unchanged for the third straight month. That’s the part I’m paying attention to. Inflation is still well above the Fed’s 2% target, while monthly core PCE accelerated to 0.2%. The “higher for longer” narrative clearly isn’t dead yet. The immediate setup favors the dollar, while BTC and equities could face more pressure if yields keep climbing. For traders, this is where macro data gets interesting. You can track the dollar directly through $DXY perpetuals on BingX and see how the market prices the next move. #CorePCE #BingX $TAO
