Selling pressure stemming from geopolitical risks continues to impact global markets. Escalating tensions between the US and Iran continue to negatively impact markets, but US President Donald Trump has said he will know the direction of the process within 10 days.
Representative virtual currency Bitcoin ($BTC) and altcoins continue to show volatile movements.
Experts say the upcoming release of US personal consumption expenditure (PCE) inflation statistics could be crucial for the market. They suggest that higher-than-expected inflation data could support the dollar and weigh on risk assets, while lower inflation data could create a positive outlook for cryptocurrencies.
Investors expect the Federal Reserve to cut interest rates twice this year, but the release of data on personal consumption expenditures (PCE), which the central bank closely monitors when setting interest rates and is considered a leading indicator of inflation, was released.
As a result, personal consumption expenditure in December was as follows.
Core personal consumption expenditure price index (annual rate) Announced 3.0% – Forecast 2.9% – Previous 2.8%
Core personal consumption expenditure price index (monthly) Announced 0.4% – Forecast 0.3% – Previous 0.2%
Personal consumption expenditure price index (annual rate) Announced 2.9% – Forecast 2.8% – Previous 2.8%
Personal consumption expenditure price index (monthly) Announced 0.4% – Forecast 0.3% – Previous 0.2%
According to Kobeishi Letter, PCE inflation is on the rise again, with core PCE inflation currently at its highest level since November 2023.
What was Bitcoin?$BTC) What was the initial reaction?
*This is not investment advice.
