๐๐ฅ #PCEMarketWatch โ May 30, 2025 Update ๐ฅ๐
๐งฎ Core PCE Inflation (YoY):
๐ 2.8% (๐ผ Up from 2.7% last month)
๐ต Consumer Spending:
๐ +0.3% (๐ช Solid growth, driven by services)
๐ Market Reaction:
๐ S&P 500: -0.6%
๐ NASDAQ: -0.9%
๐ Bitcoin: $66.2K (-1.4%)
๐ Why it matters:
The Fedโs ๐ favorite inflation gauge rose slightly, keeping rate-cut hopes in check. Markets turned cautious as investors weigh the path forward for interest rates. ๐ก
๐ Next Watch:
All eyes on June 12 ๐ต๏ธโโ๏ธโFOMC rate decision coming up!
๐จ Stay sharp, traders!
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