#USCorePCEMay

📊 report reveals a slight cooling in inflation, signaling the Fed’s rate hikes may be working. Core PCE rose 0.1% in May, down from April’s 0.3%, marking the smallest monthly increase since late 2023. On a year-over-year basis, it stood at 2.6%, aligning with market expectations. This data boosts investor confidence, fueling optimism for potential rate cuts later this year. As inflation slows, risk-on assets like crypto and tech stocks may benefit. Traders are now closely watching Fed signals and upcoming economic data for further direction. 📉📈

#Inflation #FederalReserve #CryptoMarket #TradingStrategy #BinanceSquare