Will PCE inflation data surge? Not necessarily!

Current market expectations are that PCE will rise to 2.3% and core PCE to 2.8%, which seems bearish. But this is just the baseline expectation; if the data meets this level, it will have little impact on cryptocurrency prices; anything above this would be bearish, while below 2.3% and 2.8% would be bullish.

Tariffs usually push inflation higher, but past CPI and PCE data have often fallen short of expectations. Even Powell hinted during his speech that the availability of government data is poor. Therefore, this data is likely to meet expectations or even fall below them, with a possibility of data optimization.

The real variable will be on July 8, when the tariff deadline is postponed, and new tariffs are about to be imposed. Trump will also announce the specific tariff amounts. This move may lead to a pullback in the stock market after the initial bullishness fades, and the cryptocurrency market is likely to be affected as well. In this rapidly changing situation, it might be better to let the dust settle for a while and patiently wait for the market to provide the final answer. #加密市场回调 #香港加密概念股 #美国5月核心PCE物价指数 #BTC #ETH