🚨🚨🚨ATTENTION FED DAY 🚨🚨🚨
The key data about the Federal Reserve that will be announced today includes the U.S. Core PCE rates, which are the Fed's favorite tool for measuring inflationary pressures.
The U.S. Core PCE rates are scheduled to be announced in approximately 1 hour from now.
The U.S. Core PCE rates, which are the Federal Reserve's preferred measure of inflation, are expected to have a significant impact on the crypto market. If the PCE data comes in lower than expected, it could signal that the Fed's efforts to curb inflation are working, which might lead to a more dovish stance from the central bank. This could potentially boost investor sentiment and lead to an increase in crypto prices.
Conversely, if the PCE data is higher than anticipated, it could indicate that inflation remains persistent, which might prompt the Fed to maintain a more hawkish stance. This could lead to a decrease in risk appetite, potentially causing a decline in crypto prices. #PCE #FED #PceData $BTC