A quick look at the focus data tonight:

Key time point 1: At 8:30 tonight, the PCE data was officially released. Actual value: 2.6% Expected value: 2.7%

Market impact: Lower than expected, considered good news!

Key time point 2: At 10:00 tonight, the consumer confidence index revealed the expected trend: expected 68

Market interpretation: Similarly, if it is lower than expected, it is also good; higher than expected, it is considered bad.

Data details:

PCE (US X month core PCE price index annual rate) definition: a core indicator reflecting the overall price changes in the United States.

Influence mechanism: rising values ​​→ rising prices → increased inflationary pressure → the Federal Reserve may consider raising interest rates → bearish for the cryptocurrency market. This result: The actual value of 2.6% is lower than the expected 2.7%, indicating that the rate of price increase is slightly slower, which is good for the currency circle.

Consumer Confidence Index (US X month University of Michigan Consumer Confidence Index Final Value) Definition: an important indicator to measure consumers' expectations of the current economic situation and future consumption.

Economic effect: The index is higher than expected → consumer confidence is enhanced → consumption willingness is improved → demand is increased → price pressure is increased → may trigger the Fed to consider raising interest rates → unfavorable to the currency circle.

Expected analysis: If the actual value is lower than 68, it shows that consumer confidence is slightly lower than expected, which has a positive impact on the cryptocurrency market.

Summary: Both key economic data tonight are likely to bring good news, especially the PCE data has been confirmed to be lower than expected, adding optimism to the market. Investors need to pay close attention to the actual release of the subsequent consumer confidence index and the market's reaction to it.

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