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no one’s talking about this: CRYPTO MARKET ON EDGE AS WALL STREET PREPARES TO DROP INFLATION BOMB 🧨
inflation data drops Dec. 5: strong PCE likely: market trends affected: Fed rate decision looms: crypto on standby. economic analysis
The Bitcoin and crypto market reacts to the upcoming US PCE September inflation release. Wall Street predicts strong PCE numbers, with headline inflation at 2.8% and core PCE at 2.9%. A cooler PCE report could prevent a 25 basis point Fed rate cut. The U.S. Bureau of Economic Analysis will publish September’s PCE data on Dec. 5, impacting market trends from December to January. Economists anticipate a slight rise in PCE figures, potentially affecting Fed rate decisions. 📈
Wall Street Estimates, Expert Opinions, What Can the Crypto Market Expect?
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