BREAKING: US PCE came in at 2.8% and Core PCE at 2.8%
Expectations: 2.8% and 2.9%
This is another sign that inflation is cooling faster than the Fed expected.
With inflation falling and growth slowing, the Fed has no reason to keep rates high.
A rate cut next week is now almost fully locked in.
This is positive for markets, liquidity, and risk assets like BTC and ETH.
BTCUSDT
Perp
89,408.9
+0.23%
XRP
2.0439
+0.70%
ETH
3,046.8
+0.78%
