The US PCE data is out, newcomers to the cryptocurrency circle, look here!
Have you heard about it? Recently, the US PCE data was released, which is also closely related to our cryptocurrency circle! Don't worry, let me explain it to you in simple language.
First of all, the PCE data is like a "thermometer", which tells us whether the US economic situation is "hot" or "cold". After the release of this data, the pricing of the interest rate swap market is as stable as Mount Tai, just like when we go to the amusement park to ride a roller coaster, although we are a little nervous, but the car is stable and reassuring.
So, what does this data have to do with our cryptocurrency circle? Simply put, if the economy is "hot", the Federal Reserve may raise interest rates, just like stepping on the accelerator of the car; if the economy is "cold", the Federal Reserve may cut interest rates, just like stepping on the brakes of the car. After the release of this data, everyone predicts that the Federal Reserve may step on the brakes in 2024, that is, cut interest rates.
Speaking of interest rate cuts, this year is full of "PUA" interest rate cut expectations. Just like we are looking forward to a large surprise party, everyone wants to know when this "big" will come. In the cryptocurrency world, a rate cut may mean more money will flow into the market, which may be good news for us.
So, newbies in the cryptocurrency world, don't be intimidated by these professional terms and complex data. As long as you pay attention to these major events, you can better grasp the market trends and make smarter investment decisions!
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