#数字货币市场洞察 $BTC Big event tonight! Three data bombs will go off simultaneously at 23:00
At 11 pm on December 5, the US will release three major reports in one go: September Personal Spending MoM, December Michigan Consumer Sentiment Index, and the one the Fed is closely watching — September PCE Price Index.
This long-awaited PCE is no joke. It directly affects how the Fed adjusts interest rates, and the market is likely to shake hard.
Two scenarios are already on the table: if the PCE data cools down, it means inflation is easing, gold will get some relief, and the bulls will find support to keep playing; but if the PCE unexpectedly comes in high, rate hike expectations will heat up immediately, and gold will take a hit in the short term. $ETH holders also need to keep a close eye on this wave of data—no one can escape the volatility.
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#数字货币市场洞察 $BTC Big event tonight! Three data bombs will go off simultaneously at 23:00
At 11 pm on December 5, the US will release three major reports in one go: September Personal Spending MoM, December Michigan Consumer Sentiment Index, and the one the Fed is closely watching — September PCE Price Index.
This long-awaited PCE is no joke. It directly affects how the Fed adjusts interest rates, and the market is likely to shake hard.
Two scenarios are already on the table: if the PCE data cools down, it means inflation is easing, gold will get some relief, and the bulls will find support to keep playing; but if the PCE unexpectedly comes in high, rate hike expectations will heat up immediately, and gold will take a hit in the short term. $ETH holders also need to keep a close eye on this wave of data—no one can escape the volatility.