Top 100 Coins
Trending Cryptos
Performance
Recently Listed
Gainers
All Categories
All Time High
Blockchains
Global Market Data
Ecosystems
Research
Rewards
Heatmaps
Drop Hunting
Alerts
Converter
Widgets
Market Data API
Futures and Options
Affiliate Program
Crypto Markets on Edge as Crucial US Inflation Report Drops Tonight
Share:
- Crypto markets await tonight’s US PCE inflation data, key for Fed rate cut decisions.
- Economists expect a soft PCE print, potentially boosting Bitcoin and other risk assets.
- A high PCE reading (0.3%+ monthly core) could trigger crypto price drops and volatility.
The U.S. Bureau of Economic Analysis is scheduled to release its key inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, tonight, putting the crypto market on watch for potential turbulence, which is a critical indicator for the Federal Reserve.
With Bitcoin hovering around $106,000 and altcoins in a state of flux, traders are eyeing the PCE data for cues that could tip the scales toward long-awaited interest rate cuts.
What Economists Are Expecting from Core PCE
Economists expect the core PCE to rise just 0.1% in April, a soft print that would extend a three-month cooling streak in inflation. On a yearly basis, the headline PCE is projected to drop to 2.2%, its lowest in seven months, while the core reading is forecast to ease to 2.5%, the softest since March 2021.
The post Crypto Markets on Edge as Crucial US Inflation Report Drops Tonight appeared first on Coin Edition.
In This News
Coins
$ 86.01K
-1.79%
$ 0.154
-5.87%
$ 0.00...361
$ 0.0312
$ 0.000207
Share:
In This News
Coins
$ 86.01K
-1.79%$ 0.154
-5.87%$ 0.00...361
$ 0.0312
$ 0.000207
Share:
Read More
Traders mull the bottom as bitcoin returns to week's lows below $86,000
Will Hut 8’s AI Pivot Reverse Its Stock Slump for Good?
Crypto Markets on Edge as Crucial US Inflation Report Drops Tonight
Share:
- Crypto markets await tonight’s US PCE inflation data, key for Fed rate cut decisions.
- Economists expect a soft PCE print, potentially boosting Bitcoin and other risk assets.
- A high PCE reading (0.3%+ monthly core) could trigger crypto price drops and volatility.
The U.S. Bureau of Economic Analysis is scheduled to release its key inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, tonight, putting the crypto market on watch for potential turbulence, which is a critical indicator for the Federal Reserve.
With Bitcoin hovering around $106,000 and altcoins in a state of flux, traders are eyeing the PCE data for cues that could tip the scales toward long-awaited interest rate cuts.
What Economists Are Expecting from Core PCE
Economists expect the core PCE to rise just 0.1% in April, a soft print that would extend a three-month cooling streak in inflation. On a yearly basis, the headline PCE is projected to drop to 2.2%, its lowest in seven months, while the core reading is forecast to ease to 2.5%, the softest since March 2021.
The post Crypto Markets on Edge as Crucial US Inflation Report Drops Tonight appeared first on Coin Edition.
In This News
Coins
$ 86.01K
-1.79%$ 0.154
-5.87%$ 0.00...361
$ 0.0312
$ 0.000207
Share:
In This News
Coins
$ 86.01K
-1.79%$ 0.154
-5.87%$ 0.00...361
$ 0.0312
$ 0.000207
Share:
Read More
Traders mull the bottom as bitcoin returns to week's lows below $86,000