Tonight there are 3 important data releases. The first one is PCE.

If CPI is inflation to consumers, if PPI is inflation to factories (producers), then PCE is the impact of inflation on daily personal spending.

Inflation is indeed not good, but inflation is a sign of growth.

If PCE rises, then DXY rises. DXY rises because it's viewed that the Fed will tighten monetary policy to keep inflation in check. But the ammunition is already depleted and interest rates are still at 3.75%, can the Fed be hawkish? The answer is no. So if PCE rises but DXY doesn't rise, then Bitcoin rises.

Here are the leaks:

BARCLAYS 2.8%

CITI 2.8%

EMPLOY AMERICA 2.8%

GOLDMAN 2.8%

NOMURA 2.8%

UBS 2.8%

Last month 2.7%.