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


If it really exceeds, Warsh's first hawkish FOMC would not be just a scare.
The bond market has already priced in two rate hikes. The dollar surged to its highest since last November.
To be honest, what I care more about is core PCE. If core doesn't come down, it means it's not an oil price issue; it's more fundamental inflation stickiness.
That is more important than anything else.
btc is now around 62. If PCE exceeds expectations, there may be another wave down.
Thought about it in advance. Better than panicking when it happens.
BTC-4.66%
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