Can today’s US PCE Inflation Data make the market bullish?
Brothers, if you want to understand where the market is headed in the coming days, the PCE Price Index data is very important. This data shows how fast inflation is rising in America. If it comes in higher than expected, it means the Federal Reserve will have to be more strict to control inflation, which could cause stocks and crypto to drop.
However, if the data comes in lower than expected, it indicates that inflation is under control, and the Fed might cut interest rates, leading to a rally in stocks and crypto. This data is released at 8:30 AM Eastern Time. You can check it on Forexfactory, Investing.com, or CNBC.
If the data is higher than expected, gold and crypto may drop, and the dollar will strengthen. But if the data is positive (lower than expected), gold, Bitcoin , and the stock market could pump.
So, if you’re trading, be prepared at this time—otherwise, don’t FOMO later!
For more market news and updates, follow Market_Newdity❤️