#数字货币市场洞察 There's an important data release to watch tonight at 11 PM—the annual PCE Price Index is about to be announced.

This time is a bit special. Since the CPI data hasn’t been released yet, the PCE has become the only inflation indicator the Fed can reference before the December FOMC meeting. The market is already reacting: the USD exchange rate has weakened in advance, and everyone is waiting for this number.

The core logic is simple: if the data comes in hot, above expectations, then it's highly likely rates will stay unchanged in December; but if it meets or falls below expectations? Then the window for a rate cut opens up.

What the Fed cares about most is core PCE—this figure directly influences their decision-making balance. So tonight's data isn't just a number; it will shape the market's liquidity expectations going forward. Keep a close eye on it.