According to BlockBeats, on June 28, following the release of the Personal Consumption Expenditures (PCE) data for May in the United States, traders have increased their bets on a rate cut by the Federal Reserve. The PCE data is a measure of price changes in consumer goods and services, and is the Federal Reserve's preferred gauge of inflation. The increase in bets suggests that traders anticipate a decrease in interest rates by the Federal Reserve, which could potentially stimulate economic growth by making borrowing cheaper. However, the Federal Reserve has not yet confirmed any plans for a rate cut. This information is based on trading activities and market speculation, and actual decisions by the Federal Reserve may vary.