Content
@
0 reply
0 recast
0 reaction
Moon7
@moon7
PCE hurries to the rescue The shakeout at the end of the Fed meeting can be considered a done deal. This sharp decline is largely healthy for both the stock market and the crypto market. New data on PCE, the personal consumption expenditure price index, helped stop the collapse. It is considered to be the Fed's favorite inflation indicator. It came in better than expected, meaning inflation has started to slow down. Why does this matter? During his press conference, Powell repeatedly emphasized that the Fed could change its decision on the pace of rate cuts at any time if macroeconomic data (inflation in the first place) were favorable. Accordingly, everyone has a ray of hope. In the near future, the main American indices should move more on the basis of fundamental indicators of companies, and not just because of hype and greed. The US domestic politics may also have some influence (everyone may be a bit scared by the risk of a government shutdown, although in the end nothing terrible will happen).
1 reply
0 recast
2 reactions
whilethe
@whilethe
It seems to me that in small steps we are moving more and more confidently towards a full-fledged change of mood in the stock and crypto market, including thanks to the softened policy of the PCE 6200 $degen
1 reply
0 recast
0 reaction
