The data released by the United States last night showed that:

The annual rate of the PCE price index in May was 2.6%, in line with the previous value of 2.70%.

The monthly rate of the core PCE price index in May was 0.1%, in line with expectations and 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%.

The PCE data released last night proved one point: that is, inflation is on a downward trend. If it can continue, the probability of a rate cut in September will greatly increase. After the data was released, traders increased their bets on the Fed's expectations of a rate cut. Rate cuts are always an unavoidable topic. If the bull market wants to continue, it always needs the Fed to cut interest rates. This is my view all along, and the release of global liquidity is inevitable. It is nothing more than waiting. The later the time, the closer the Fed will turn.

Yesterday, the debate between Biden and Trump began. As expected, Biden performed very badly. After the debate, CNN criticized Biden's performance and said that the Democratic Party should consider how to replace Biden before the election. Trump had publicly embraced encryption before. I personally hope that Trump can win in the end. Judging from the current situation, Trump's chances of winning are higher than Biden's. If Trump wins in the end, it will be a big boon for encryption. It's not that Trump is so powerful, but that Biden is too bad. If you have to choose between two bad candidates, then the public will most likely choose the one that is relatively less bad. $AKRO $BTC $SOL #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #Mt.Gox将启动偿还计划 #币安合约锦标赛 #VanEck提交首个SolanaETF #以太坊ETF批准预期