When will the pre-holiday crash become an unavoidable curse?
The PCE price index will be released at 20:30 this evening. This data can directly reflect the level of inflation. After all, the U.S. economy is in recession; an increase in consumer spending would mean that inflation is rising. In the past, this situation led to excessive money printing, resulting in a vicious cycle!
Now, the U.S. is spreading the risk globally. If expectations are high, it benefits the dollar, but if the dollar depreciates, cryptocurrencies will rise. Investors will not hold onto things that no longer have value!
In terms of the data itself, there is no positive impact on cryptocurrencies. The key is how the index reflecting the issues will come out and what kind of solution and policy implementation will follow!
