#USCorePCEMay
๐ #USCorePCEMay โ Inflation Update That Moves Markets ๐ฅ
Core PCE inflation for May just landed at 2.7% YoY, slightly hotter than expected ๐ฅ โ the Fedโs favorite inflation gauge isnโt cooling as fast as bulls hoped. Meanwhile, personal income dropped 0.4%, and consumer spending slipped 0.1%. ๐ง๐
This combo of sticky inflation and soft demand means the Fed might pause longer before cutting rates ๐ฌ๐ฌ
Risk assets (yes, including crypto) should prepare for more volatility ahead!
Will this data delay the rate cut cycle โ or is it already priced in? ๐
Letโs talk strategy ๐
Trade smart with Binance:
๐ https://www.binance.com/activity/referral-entry/CPA?ref=CPA_00ZNJO65PD
๐ Code: CPA_00ZNJO65PD
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