softpcestrongdemand

The latest PCE report shows that US consumer spending power remains fairly solid, despite interest rates still being at high levels. This is a sign that the economy has not “cooled off” as many people expected.

This brings two perspectives:

* Businesses still have the opportunity to sustain revenue growth.
* But the Fed will also have less reason to cut interest rates too quickly if demand remains strong.

For crypto, this information is neither wholly negative nor wholly positive. The market will continue to watch whether economic growth comes alongside inflation.

A period where macro news could determine the direction of both Bitcoin and stocks.
#SoftPCEStrongDemand $BTC $ETH