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


If it really exceeds, Warsh's first FOMC turning hawkish is not just a bluff.
The bond market has already priced in two rate hikes. The dollar surged to its highest since November last year.
To be honest, what I care more about is core PCE. If core doesn't come down, it means it's not about oil prices, but more fundamental inflation stickiness.
That is more important than anything.
BTC is around 62 now. If PCE exceeds expectations, there may be another drop.
Thought about it in advance. Better than panicking when it happens.
BTC-4.22%
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