According to @BullTheoryio, the latest US PCE inflation and Core PCE each printed 2.8%, versus expectations of 2.8% and 2.9%, respectively, indicating softer-than-expected inflation pressure (source: @BullTheoryio). The author states that with inflation easing and growth slowing, the Federal Reserve has less justification to keep policy rates elevated, raising near-term rate cut odds (source: @BullTheoryio). The post adds that this backdrop is positive for markets, liquidity, and risk assets such as BTC and ETH, implying a supportive environment for crypto as policy expectations ease (source: @BullTheoryio).

According to @cas_abbe, the US PCE and Core PCE releases at 8:30am ET are the final major macro data before next week’s FOMC, with expectations at 2.9% and 2.8% respectively; source: @cas_abbe. He states that in-line or lower readings would lock in a Fed rate cut, and even a slightly higher print would not derail cuts; source: @cas_abbe. He adds that a materially above-expectations outcome could trigger a sharp correction in BTC and altcoins; source: @cas_abbe.