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taishiro
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The 3.1% core PCE reading puts the Fed in a difficult position. Inflation is proving harder to contain, and that could keep monetary conditions restrictive longer than the market initially expected.
For crypto, the bigger concern is liquidity. Higher rates for longer make risk assets less attractive, particularly when investors are already showing a preference for BTC over ETH and other altcoins.
#USCorePCERisesTo3.1%
Web山大王
Seeing the core PCE for September rise to 3.1% is indeed a bit surprising. 🙄️
It's a bit higher than last month. Everyone originally thought inflation would gradually ease and that the good days of rate cuts were not far off, but this has directly proven otherwise. 🤪
The market focus has shifted from whether there will be a rate cut to whether there will be a rate hike in December.
$BTC has been fluctuating around 80,000 today. After the data release, it briefly surged to around 81,500 but didn't hold, falling back to about 80,800. It hasn't experienced the big swings like before, indicating the market has mostly priced in the data in advance.
$ETH is currently between 2,320 and 2,350, with a more noticeable decline, showing that funds are clearly more inclined toward Bitcoin.
The macro environment remains tight, and high interest rates may persist for a while. Going forward, it depends on whether data like the non-farm payrolls can bring some good news to the crypto space.
#美国9月核心PCE升至3.1%，加息预期仍高
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