𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆 𝐏𝐂𝐄 𝐃𝐀𝐓𝐀 𝐌𝐄𝐄𝐓𝐒 𝐄𝐗𝐏𝐄𝐂𝐓𝐀𝐓𝐈𝐎𝐍𝐒, 𝐌𝐀𝐑𝐊𝐄𝐓𝐒 𝐒𝐓𝐀𝐘 𝐂𝐀𝐋𝐌

The latest US Personal Consumption Expenditures (PCE) data has just been released and it came with no major surprises.

PCE, which measures inflation based on what consumers actually spend, is closely watched by the Federal Reserve when deciding on interest rates.

The numbers showed that inflation is still easing slowly, but not falling fast enough to change the Fed’s current stance.

This means interest rates are likely to stay where they are for now.

Markets reacted calmly since traders had already expected these results. Stocks held steady, the dollar stayed strong and crypto markets showed little movement.

For now, investors remain focused on upcoming Fed comments and future data releases to see if rate cuts are still on the horizon. #CryptoNews