US Personal Income +0.3% In Feb; Consensus +0.2%

US Personal Spending +0.2% In Feb; Consensus +0.3%

Feb PCE Core Price Index +0.3% Rate On Mo; +4.6% On Yr

Feb PCE Price Index +0.3% Rate On Mo; +5% On Yr

Conclusion: Inflation coming down but economy also coming slow down..and this is expected, 

Inflation is direct connection with Economy, Powell want slow economy so that inflation will come down... 

But Remember market not flow economy, it move on future speculation. US Markey eye on CPI data which is going to release on April 12. CPI is expected 5.8%. 

Market also divide 50-50 on interest rate hike. FED and Powell can pause interest hike in May 3 FOMC meeting, and if they do it than market will be very bullish.

Rest its Mr Market, And any report from big agency like JP Morgan or MS can volatile market.

We are Sideways to bullish..

#dyor #nasdaq #fed #inflation #bitcoin

S&P500

Nasdaq

Are world biggest stock market Index ready for breakout???

No matter what you trade or invest, you have to eye on these two index if you are investor.

Nasdaq and SPX both near resistance. SPX bulls will like to hold 4000 and  breakout these level will give confidence them.

Nasdaq also eye on 13000 level. Breakout 13000 will make market supper bullish.

Remember Nasdaq is index of Tech stock and and bounce in #nasdaq give confidence to Crypto investors too.

April 2nd half will be earning Season, market will eye on Earning reports. While any speculation for Pause interest rate in coming FOMC meeting will make market bullish. CPI number can be big factor to decide next interest rate hike.

Major Events:

CPI data: April 12

FOMC meeting: May 3

(Twitter: @nilesh_rohilla)

#SPX #crypto2023 #BTC #bitcoin