#USCorePCEMay
š #USCorePCEMay: Why It Matters
The US Core PCE (Personal Consumption Expenditures) Price Index for May just dropped, offering a crucial look into US inflation trends.
Core PCE excludes food and energy prices, making it the Fedās preferred inflation gauge. It directly impacts rate hike expectations, USD strength, and crypto volatility.
If Core PCE comes in higher than expected, it signals persistent inflation, leading to tighter monetary policyāoften bearish for risk assets.
If itās lower, markets may expect a dovish stance, potentially fueling crypto and equity rallies.
Traders, watch this number closelyāitās a key driver of macro sentiment impacting Bitcoin, Ethereum, and the entire crypto market.