Shocking release! PCE is coming, and the crypto market is about to set off a huge wave!
Tonight, the eyes of the global financial community are focused on a small number - the US core PCE (Personal Consumption Expenditures Price Index) in May! This is not an ordinary economic data. It is the "unique secret" of the Federal Reserve to observe inflation trends. It is now known as the "barometer of the trend of the cryptocurrency market"!
Imagine what the entire cryptocurrency market will look like when this mysterious number is revealed on time at 20:30 tonight? Investors are holding their breath in the turbulent and infinitely possible world of digital currencies.
Why does the release of PCE have such a big impact on the cryptocurrency market?
There is a profound logic behind this. First of all, PCE is one of the inflation indicators that the Federal Reserve values most, and its trend will directly affect the Federal Reserve's monetary policy decisions. If the PCE data is lower than expected, the Federal Reserve may accelerate the pace of interest rate cuts, which will undoubtedly bring huge benefits to the cryptocurrency market. If the PCE data is high, the Federal Reserve may continue to maintain a tight policy, and the cryptocurrency market will face severe challenges.
Now, according to authoritative forecasts, the year-on-year increase in the US core PCE in May is expected to slow to 2.6%, lower than 2.8% in the previous month. This news undoubtedly gives investors in the cryptocurrency market a huge expectation. If this forecast comes true, then we can foresee that the cryptocurrency market will usher in an unprecedented carnival! The prices of mainstream digital currencies such as Bitcoin and Ethereum will soar like a rocket, and countless investors will make a fortune in this feast!
Of course, this feast is not without risks. When the PCE data is revealed, the market reaction may exceed our expectations. If the data unexpectedly rises, the cryptocurrency market may encounter a "Black Friday" and investors will suffer heavy losses. But even so, it cannot stop the charm of the cryptocurrency market.
Tonight at 20:30, the release of the US core PCE in May will be a feast for the financial community and a major test for the cryptocurrency market. Regardless of the outcome, it will have a far-reaching impact on the global financial market. Get ready to meet this financial storm!
