Decoding #USCorePCEMay Why This Inflation Data is Crucial for Your Crypto Portfolio!
You're seeing #USCorePCEMay trending, and for good reason!
This isn't just any economic data it's the Federal Reserve's preferred gauge of inflation, shaping future monetary policy.
So, what's the intel?
The May Core PCE came in higher than expected (0.2% MoM & 2.7% YoY).
This sticky inflation pressures the Fed, pushing back those highly anticipated interest rate cuts.
Why does this matter for crypto?
Higher-than-expected inflation and delayed rate cuts impact global liquidity and investor appetite for risk assets like #Bitcoin and altcoins.
It influences the flow of capital and the narrative around crypto as a potential inflation hedge or digital gold. When traditional markets react, crypto feels the ripple effect.
What's your read on this macro data?
