๐จ BREAKING: PCE DATA IS IN!
U.S. PCE comes in at 2.8%, with Core PCE also at 2.8% โ matching headline expectations and beating core forecasts (2.9%).
What it means:
Inflation is easing more quickly than the Fed anticipated
Economic growth is slowing, reducing the Fedโs incentive to keep rates elevated
A rate cut at next weekโs meeting is now almost fully priced in
Market impact:
Liquidity conditions could improve sharply
Risk assets โ including $BTC
BTC
90,275.08
-2.09%
and $ETH
ETH
3,196.37
-3.43%
โ may be positioned for a strong rebound