PCE通胀
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Actually, saying it's bearish 📉 or bullish won't be wrong. Because when it rises, it will definitely pull back; it won't keep rising forever; and when it falls, there will also be a rebound; it won't keep falling forever. So sometimes what you need to focus on is not just whether it's rising or falling, but what to do when it rises and what to do when it falls ~ that is the key. #PCE通胀
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This Week's GDP, PCE Inflation Data, and Hearings May Become Key Factors for Cryptocurrency Market Trends?
As the cryptocurrency market gradually recovers from the massive hack attack on Bybit, the release of several important data points on the U.S. economic calendar may further impact the market.
Recent economic reports show cracks in the resilience of the U.S. economy last week, with the services PMI index hitting its lowest level in over two years. This week, GDP and PCE inflation data will be the focus of market attention and may further disrupt market sentiment.
Important Economic Events This Week
According to Kobeissi Letter's X tweet, a series of key economic data will be released this week: consumer confidence data will be released on Tuesday, new home sales data will be announced on Wednesday, and the fourth quarter GDP data will be the main focus on Thursday.
Recent economic reports show cracks in the resilience of the U.S. economy last week, with the services PMI index hitting its lowest level in over two years. This week, GDP and PCE inflation data will be the focus of market attention and may further disrupt market sentiment.
Important Economic Events This Week
According to Kobeissi Letter's X tweet, a series of key economic data will be released this week: consumer confidence data will be released on Tuesday, new home sales data will be announced on Wednesday, and the fourth quarter GDP data will be the main focus on Thursday.
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Multiple Wall Street economists have stated that due to the complex nature of inflation data calculations, along with unclear trends in some key areas involved, policymakers may not easily feel overly optimistic about these figures. Bank of America economist Stephen Juneau mentioned in a report: 'In short, the inflation process for 2025 is off to a rocky start. Our forecasts for the Personal Consumption Expenditures (PCE) inflation further substantiate our view—it's unlikely that inflation will drop to the levels required for the Federal Reserve to cut rates this year, especially in the context of policy changes pushing inflation higher. Unless economic activity data shows a significant weakening, we believe that policy rates may remain unchanged before the end of the year.'
Although the Federal Reserve will also pay attention to the CPI (Consumer Price Index) and PPI (Producer Price Index), it believes that the final authority on inflation still rests with the PCE price index. Therefore, most economists expect that the latest PCE data, to be released later this month, may show that the year-on-year inflation rate could remain around 2.6% or even rise slightly. This means that the inflation rate is still far above the Federal Reserve's target of 2%, which makes the market more cautious about the Federal Reserve's future policy direction. #CPI数据来袭 #PCE通胀
Although the Federal Reserve will also pay attention to the CPI (Consumer Price Index) and PPI (Producer Price Index), it believes that the final authority on inflation still rests with the PCE price index. Therefore, most economists expect that the latest PCE data, to be released later this month, may show that the year-on-year inflation rate could remain around 2.6% or even rise slightly. This means that the inflation rate is still far above the Federal Reserve's target of 2%, which makes the market more cautious about the Federal Reserve's future policy direction. #CPI数据来袭 #PCE通胀
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