The PCE price index recorded an annual rate of 2.6% in May, in line with the expected value of 2.6%, lower than the previous value of 2.70%.

The core PCE price index recorded a monthly rate of 0.1% in May, in line with the expected value of 0.1%, lower than the previous value of 0.3%.

The one-year inflation rate in June is expected to be 3%, lower than the expected value of 3.2%, and lower than the previous value of 3.3%.

Among them, the core PCE price index recorded an annual rate of 2.6% in May, the smallest increase since March 2021; the core PCE price index recorded a monthly rate of 0.1% in May, the smallest increase since November 2023. Fitch said that today's PCE data further proves that inflation, which stagnated in the first quarter, has resumed its downward trend. If the trend continues in the next two months, the Federal Reserve may finally have the confidence to cut interest rates in September.

The decline in US inflation and interest rate cuts are the main driving forces behind this bull market, and the momentum is still there. Interest rate cuts will give rise to bubble highs, and the more time passes, the more reasons the Federal Reserve will turn to loose water.

It is a blessing, not a disaster. It is inevitable. Everything is a certainty. There is a possibility of a rise in mid-August.

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