The cryptocurrency world is about to experience a major shock! The inflation data that Wall Street values most is coming again.
U.S. stocks have already fallen in panic before the market opens. The last time CPI was higher than expected, Bitcoin also plummeted 4%, because this would delay the Fed's easing of monetary policy.
The PCE data will be released at 8:30 tonight. If it is lower than expected, it will be good news, and if it is higher than expected, it will be bad news. As inflation continues to rise and the Federal Reserve does not loosen its monetary policy, all kinds of assets will lose money, so Friday's inflation data is very critical, and there is already a panic decline.
I hope PCE can give us a surprise this time!
