Core

United

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-analyze-key-economic-data/" data-wpel-link="internal">Investors Analyze Key Economic Data</a><br></p>
<p style="text-align: justify"><strong>For <a href="https://en.coin-turk.com/current-situation-in-the-cryptocurrency-market-bitcoin-ethereum-xrp-solana-cardano-dogecoin-shiba-inu/" data-wpel-link="internal">cryptocurrency</a> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a></strong>, the week’s most important data was just released. This data causes significant volatility. Following the recent GDP data, the importance of this data, which sheds light on the inflation outlook, has increased. The PCE data is used by the Fed to understand the current situation in the fight against inflation.</p> 
<h2 style="text-align: justify" id="pce-data-released">PCE Data Released</h2> 
<p style="text-align: justify">The United States Personal Consumption Expenditures data shows the Fed’s progress in combating inflation. PCE was announced in line with the 2.7% expectation. Since the data and expectations from the previous month were consistent with the announced data, the outlook is not bad. Core PCE came in at 2.8%, which was also within expectations. The key event was the strengthening market expectation of a Fed rate cut following the announced data.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-358100 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-31_15-35-27.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Now, with the relief of having left behind the week’s most critical data, we can relax for the weekend for <strong>BTC</strong>. BTC, which approached the $69,000 threshold, started to price the data positively. The rise is likely to accelerate according to the ETF volumes that will start soon. Fed member Williams will probably say something about this today. We will share these statements here as <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">breaking news</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-analyze-key-economic-data/" data-wpel-link="internal">Investors Analyze Key Economic Data</a></h5>

Investors Analyze Key Economic Data

Obsah

COINTURK NEWS

Ďalšie články zverejnené 31. 5. 2024

RFK Jr. Promises Crypto-Friendly Reforms in Presidential Bid

Pro Bitcoin US Presidential Candidate Robert F Kennedy Jr Owns 21 Bitcoins, Adding Weight to Tax ...

370 Million XRP moved amid fresh Ripple case filings

TON Revolution: Tonkeeper’s Battery & Gasless USDT Payments

Top 5 Memecoins to Buy for Huge Gains in June 2024

MoonBag, the top Crypto Presale, Soars Past Bitcoin Cash and Cardano with 15,000% ROI Potential

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!