September's U.S. Core PCE numbers just dropped, and there's a slight surprise on the year-over-year front.
Year-over-Year Core PCE came in at 2.8%—a tick below the 2.9% forecast and matching last month's revised figure. Markets were bracing for stickier inflation, so this cooler print could shift Fed expectations.
Month-over-Month held steady at 0.2%, right in line with projections and previous readings. No shocks there.
For those tracking macro signals in crypto markets, softer PCE data typically eases rate hike fears and can boost risk appetite. Worth watching how this plays into Powell's next move.
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DeepRabbitHole
· 6h ago
Damn, 2.8%! If this data really holds steady, Powell should change his tone, right?
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HashBrownies
· 6h ago
2.8% PCE? Feels like Powell might be changing his tone... This could actually be bullish for the crypto space.
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ILCollector
· 6h ago
2.8%? Not bad, at least it didn't break 3. Powell might have to take it easy for a while this time.
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SignatureLiquidator
· 6h ago
2.8% is lower than expected, Powell will probably be dovish again this time... Hey, this is definitely good news for the crypto world.
September's U.S. Core PCE numbers just dropped, and there's a slight surprise on the year-over-year front.
Year-over-Year Core PCE came in at 2.8%—a tick below the 2.9% forecast and matching last month's revised figure. Markets were bracing for stickier inflation, so this cooler print could shift Fed expectations.
Month-over-Month held steady at 0.2%, right in line with projections and previous readings. No shocks there.
For those tracking macro signals in crypto markets, softer PCE data typically eases rate hike fears and can boost risk appetite. Worth watching how this plays into Powell's next move.