ManuelRD
--
Bearish
#PCEMarketWatch
🤯🤯🤯
The Fed saves the rate cut in September after the US PCE, but there are still obstacles ahead.
Employment and CPI, its inflation indicator aligns with expectations in July, but the data remains well above the Fed's comfort zone.
Strong employment or CPI could ignite the debate before the meeting The Fed's puzzle
The major macroeconomic data that the markets were awaiting this week has arrived this Friday and has not brought major surprises in general terms.
The core personal consumption expenditures (PCE) deflator (excluding energy and food), the Federal Reserve's preferred inflation indicator, recorded a month-over-month increase of 0.3%, in line with economists' expectations.
In its year-over-year reading, the indicator has risen by a tenth to 2.9%, as also anticipated. With the scenario of an interest rate cut by the Fed in September largely priced in by traders, the PCE numbers do not undermine this perspective.
#FedDovishNow
$BTC
$ETH
🤯🤯🤯
The Fed saves the rate cut in September after the US PCE, but there are still obstacles ahead.
Employment and CPI, its inflation indicator aligns with expectations in July, but the data remains well above the Fed's comfort zone.
Strong employment or CPI could ignite the debate before the meeting The Fed's puzzle
The major macroeconomic data that the markets were awaiting this week has arrived this Friday and has not brought major surprises in general terms.
The core personal consumption expenditures (PCE) deflator (excluding energy and food), the Federal Reserve's preferred inflation indicator, recorded a month-over-month increase of 0.3%, in line with economists' expectations.
In its year-over-year reading, the indicator has risen by a tenth to 2.9%, as also anticipated. With the scenario of an interest rate cut by the Fed in September largely priced in by traders, the PCE numbers do not undermine this perspective.
#FedDovishNow
$BTC
$ETH
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