#USCorePCEMay

The US core PCE index for May, which rose by 0.2% month-on-month and reached 2.7% year-on-year, exceeding expectations, impacted the crypto market by reinforcing doubts about immediate rate cuts by the Fed. Although this initially pressured assets like Bitcoin (which fell from recent highs), the expectation of a possible cut in September (with 92% probability) maintained some medium-term optimism.

Investors interpreted the data as a sign that inflation remains resilient, which could prolong restrictive conditions, affecting liquidity and the appetite for risk assets such as cryptocurrencies.

However, the prospect of lower borrowing costs in the future limited more pronounced declines, especially in altcoins sensitive to macroeconomic factors.