The US PCE data for July was released last night, and the core PCE price index was lower than expected!
The latest data shows that the US core PCE price index remained at 2.6% year-on-year in July, the same as the previous month, slightly lower than the market expectation of 2.70%. In addition, the US PCE price index rose by 0.2% month-on-month in July, in line with expectations, while the previous value was 0.10%. Actual personal consumption expenditures rose by 0.4% month-on-month in July, exceeding expectations of 0.30%, and the previous value was revised from 0.20% to 0.30%.
The data is bearish for the US dollar and conducive to expectations of interest rate cuts. The overnight pie $BTC also fell to around 577 and began to rebound. It is now reported at 592. It is expected to fluctuate today and the weekend. When there is no market, go out for a walk and spend more time with your family.
Come on, everyone
