【Crypto World】U.S. November consumer data is freshly released. Personal Consumption Expenditures Price Index (PCE) increased by 0.2% month-over-month, in line with expectations; year-over-year growth was 2.8%, slightly above the expected 2.7%. This indicates that inflationary pressure on the consumption side is still present, although the month-over-month growth has slowed, the year-over-year increase remains moderate.
Core PCE data is even more interesting——month-over-month is also 0.2%, meeting expectations; year-over-year remains steady at 2.8%, exactly in line with expectations. Overall, inflation is not out of control, but it has not shown a significant decline either. Such data are often important references for the Federal Reserve’s policy adjustments, directly influencing future interest rate expectations and subsequently causing chain reactions in the crypto market.
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RegenRestorer
· 8h ago
Inflation is just hanging there like this, neither up nor down, the most uncomfortable... The Federal Reserve needs to be cautious, one wrong move and the crypto market will start to shake.
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RugpullAlertOfficer
· 8h ago
Inflation is so stubborn that even pigs are not afraid of boiling water. Can the Federal Reserve still cut interest rates? Pure nonsense. These data only have one conclusion for the crypto circle—still sideways and wait.
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POAPlectionist
· 8h ago
Inflation is still dragging on, what will the Fed do this time? Will it directly determine whether we can take off?
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PCE didn't decrease but rose, which is a bit awkward. The crypto market will once again have to look at the Fed's stance.
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0.2% month-over-month stability indicates that inflation isn't as fierce, but year-over-year it's still 2.8%... The Fed needs to keep holding steady.
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This data is quite ordinary, with no surprises or disappointments. The most annoying thing is this feeling of being stuck in the middle.
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Interest rate expectations are about to shift again, and crypto prices will fluctuate accordingly. PCE always causes this kind of turbulence.
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Consumer inflation pressure is still present. It seems unlikely that the Fed will cut interest rates in the short term, right?
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Mild increase? It sounds like "not over yet," and I guess I’ll have to wait and see again.
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consensus_whisperer
· 8h ago
Inflation just can't be beaten like this, the Fed still has to find a way, and our crypto circle is about to dance along again.
US November PCE Data Interpretation: Inflation Remains Moderate but Shows No Clear Signs of Easing
【Crypto World】U.S. November consumer data is freshly released. Personal Consumption Expenditures Price Index (PCE) increased by 0.2% month-over-month, in line with expectations; year-over-year growth was 2.8%, slightly above the expected 2.7%. This indicates that inflationary pressure on the consumption side is still present, although the month-over-month growth has slowed, the year-over-year increase remains moderate.
Core PCE data is even more interesting——month-over-month is also 0.2%, meeting expectations; year-over-year remains steady at 2.8%, exactly in line with expectations. Overall, inflation is not out of control, but it has not shown a significant decline either. Such data are often important references for the Federal Reserve’s policy adjustments, directly influencing future interest rate expectations and subsequently causing chain reactions in the crypto market.