Tomorrow PCE. Expected 4.1%, last month 3.8%.


If it truly exceeds, Warsh's first FOMC hawkish stance isn't just for show.
Bond market is already pricing in two rate hikes. Dollar surged to its highest since last November.
To be honest, what I'm more concerned about is core PCE. If core doesn't come down, it means it's not an oil price issue but more fundamental inflation stickiness.
That matters more than anything.
BTC is around 62 now. If PCE exceeds expectations, it might see another leg down.
Better to think ahead than panic when the time comes.
BTC-4.22%
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