# PCE Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "PCE", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Bitcoin Surpasses $65,000 Again; July Gains Exceed 10% After Fed Pauses Rate Hikes

Bitcoin briefly reclaimed the $65,000 level on Thursday, continuing a gradual recovery fueled by the Federal Reserve's decision to pause interest rate hikes. The price action was volatile following the announcement, dipping to $63,199 before a sustained rally to a daily high of $65,100. Although the move solidified a monthly gain exceeding 10% for July, profit-taking later pulled the price back to around $64,700. The broader crypto market saw over $243 million in leveraged position liquidations in the past day. Beyond monetary policy, markets digested U.S. macroeconomic data including 1.5% Q2 GDP growth and a 3.2% rise in the core PCE index, signaling persistent household demand. However, ongoing Middle East geopolitical tensions, highlighted by recent Iranian strikes, pose an inflation risk by potentially pushing crude oil above $90 per barrel. Sustained high oil prices could lead to renewed inflationary pressure, increasing the likelihood of further Fed tightening—a potential headwind for risk assets like Bitcoin.

cryptonews.ruIeri 20:23

Bitcoin Surpasses $65,000 Again; July Gains Exceed 10% After Fed Pauses Rate Hikes

cryptonews.ruIeri 20:23

What is expected to happen to Bitcoin's price after the Fed's decision and inflation data?

Crypto analyst Benjamin Cowen assessed the latest U.S. inflation data and its potential macroeconomic impact on Bitcoin (BTC). Recent data, including a 0.1% monthly decline in the PCE index and moderate economic growth, was received positively by markets, with Bitcoin maintaining a stable trajectory without a sharp decline. However, Cowen highlighted internal divisions within the Fed regarding interest rates. Despite current rates being held stable, three FOMC members voted for a hike, suggesting monetary tightening may not be over. He pointed to the relationship between 2-year Treasury yields and the Fed's discount rate, indicating that when yields exceed the rate, the restrictive impact of policy weakens. Cowen warned that if the labor market heats up again, inflationary pressure could resume, creating a high probability of a surprise Fed rate hike in the latter half of the year, potentially in September. Such a hike, occurring when cuts are expected, could shock investors and accelerate a flight from risk assets. Regarding Bitcoin's price cycles, Cowen suggested the market bottom may not be in yet, and based on historical data, the most likely scenario is for Bitcoin to find its true low in the fourth quarter (Q4) of the year.

cryptonews.ruIeri 19:16

What is expected to happen to Bitcoin's price after the Fed's decision and inflation data?

cryptonews.ruIeri 19:16

The Most Closely Watched Fed Data on the Personal Consumption Expenditures (PCE) Index Turned Positive: Analysts Provide Positive Commentary

In the US, the closely watched Federal Reserve inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, fell slightly in June but remained above the Fed's 2% target. However, data showed a strong rebound in consumer spending in Q2, indicating underlying economic resilience despite high interest rates and energy price pressures. The core PCE inflation rate eased from 3.4% to 3.3%. While a positive signal, it remains well above target, creating ongoing monetary policy uncertainty. Fed Chair Kevin Warsh emphasized that policy decisions will rely on a broader set of inflation metrics beyond PCE, and affirmed the US economy's strength. Analysts cite renewed energy price surges as a key inflation risk for H2 2023, which could force further Fed tightening. Consumers are becoming more price-sensitive, though spending remains stable as they seek value. Citigroup economists note that Warsh's focus on wider inflation indicators, including the lower core Consumer Price Index (CPI) at 2.6%, may reduce the near-term likelihood of a rate hike. While markets price a 59% chance of a September increase, Citigroup believes this expectation is overstated and that another hike may not be imminent.

cryptonews.ruIeri 18:05

The Most Closely Watched Fed Data on the Personal Consumption Expenditures (PCE) Index Turned Positive: Analysts Provide Positive Commentary

cryptonews.ruIeri 18:05

Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years

Bitcoin remained stable around $64,500 despite the release of key U.S. inflation data. The June Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation gauge, showed a year-on-year increase of 3.7%, matching expectations and ending a recent uptrend with its first monthly decline since 2020. However, analysts cautioned that inflation remains nearly double the Fed's 2% target. Concurrently, U.S. stock markets rebounded, easing pressure on crypto assets. Following the Fed's decision to leave interest rates unchanged, Bitwise CIO Matt Hougan predicted Bitcoin will become less sensitive to future Fed rate changes, anticipating more modest policy adjustments ahead.

cointelegraphIeri 16:26

Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years

cointelegraphIeri 16:26

Building the Bright Path While Secretly Crossing Chencang: Is Walsh Paving the Way for a September "Rate Cut"?

The title "Building the Plank Road Openly While Secretly Crossing at Chencang: Is Walsh Paving the Way for a September 'Rate Cut'?" suggests Federal Reserve Chair Kevin Walsh's hawkish stance may be a deliberate smokescreen. Academy Securities analyst Peter Tchir argues in a report that markets, currently pricing a 75% chance of a September hike, are missing a potential path to a September rate cut that Walsh himself might be quietly preparing. Tchir posits that Walsh's hawkish rhetoric aims to suppress long-term yield risks (with the 10-year Treasury yield falling recently) while creating room for a narrative shift based on upcoming data. The potential political endgame, according to this view, could be rate cuts in September and October, ahead of the midterm elections. This hinges on a political logic where the Trump administration's preference for lower rates remains unchanged. A core part of Tchir's argument involves redefining inflation metrics. He contends the Fed under Walsh may deprioritize the PCE index, criticizing its lagging components like Owners' Equivalent Rent (OER). Instead, he points to alternative, more real-time indicators like the New Tenant Repeat Rent Index (NTRR) and the Truflation daily index, which shows core inflation around 1.45%. He suggests the Fed could shift its data narrative to justify policy easing. Furthermore, Tchir downplays AI-driven inflation fears. He argues that consumer price sensitivity, evidenced by negative market reactions to price hikes (e.g., Apple), contradicts persistent inflation narratives. He also separates AI/data center spending—which he sees as relatively rate-insensitive—from broader consumer affordability issues, implying rate hikes are misdirected. Based on this analysis, Tchir sees a re-pricing of rate cut expectations as likely, creating opportunities in short-duration Treasuries. He maintains a neutral-to-slightly-bullish view on the long end of the yield curve. For equities, he recommends a significant overweight in energy (especially global nuclear assets) and, within defense/security themes, an overweight in biotech/pharma versus an underweight in semiconductors, expressing caution on AI/data center valuations.

marsbit06/29 04:42

Building the Bright Path While Secretly Crossing Chencang: Is Walsh Paving the Way for a September "Rate Cut"?

marsbit06/29 04:42

Fed Chair Kevin Warsh Faces Congress on July 14 Amid Rate Hike Debate

Federal Reserve Chair Kevin Warsh will testify before the House Financial Services Committee on July 14, providing his first monetary policy assessment to Congress. This hearing occurs weeks before the Federal Open Market Committee's next meeting and fulfills the Fed's biannual reporting requirement. Investors are closely watching for insights on inflation and interest rates. Attention has shifted to the upcoming Personal Consumption Expenditures price index data, with May's figures expected to show a 0.5% monthly increase. Due to persistent inflation, some institutions like Bank of America now forecast three quarter-point rate hikes in September, October, and December, a shift from earlier expectations of no changes this year. Markets currently see a low probability of a July rate hike but are increasingly pricing in tightening later in the year, with CME FedWatch data indicating over a 50% chance of a move by September.

TheNewsCrypto06/23 10:10

Fed Chair Kevin Warsh Faces Congress on July 14 Amid Rate Hike Debate

TheNewsCrypto06/23 10:10

Fed Turns Hawkish, Wall Street Capitulates, Citi Stands as 'Last Holdout': Insists on Resuming Rate Cuts in October

Amid a surprisingly hawkish shift from the Fed and most of Wall Street capitulating on rate cut expectations, Citigroup stands as a notable outlier, holding firm to its forecast for monetary easing to restart this October. Following the June FOMC meeting, where the "dovish bias" was removed and the dot plot shifted dramatically, markets priced in nearly 37bps of tightening for 2026. Major banks like Deutsche Bank and Goldman Sachs revised their calls, predicting rate hikes as soon as September. Citigroup, however, maintains a baseline scenario for a 25bps rate cut in October, followed by two more cuts in December and January 2027. Its counter-consensus view rests on three key arguments: 1) Plunging oil prices are eliminating a major inflation upside risk. 2) Rising initial jobless claims are mirroring seasonal weakening patterns seen in 2024-2025, signaling a labor market cool-down. 3) The strong core PCE is an "outlier," heavily influenced by AI-related prices and equity market gains rather than broad consumer price pressures, with other inflation metrics showing more moderation. While Wall Street largely "surrenders" to the hawkish Fed narrative, with Deutsche Bank forecasting two hikes and Goldman Sachs warning of potential back-to-back moves, Citigroup remains the "last holdout," betting that disinflationary forces will pave the way for cuts before year-end.

marsbit06/22 10:39

Fed Turns Hawkish, Wall Street Capitulates, Citi Stands as 'Last Holdout': Insists on Resuming Rate Cuts in October

marsbit06/22 10:39

Bitcoin rises as ETF inflows hit February highs amid crisis – But will it last?

Bitcoin ETFs saw significant inflows amid the West Asia crisis, with March net inflows reaching $1.3 billion. On April 6, daily net inflows hit $471.3 million, the highest since February. BTC rallied 8% over the past month, outperforming gold, suggesting its role as a safe-haven asset. A short squeeze on April 8 wiped out $424 million in shorts, lifting BTC from $67.7K to $72K. Analysts warn that the focus may shift to macro factors if geopolitical tensions ease. The upcoming U.S. PCE inflation data on April 9 could drive volatility, as markets anticipate a hawkish Fed pause. Profit-taking reached $257 million during the rally, but the response was seen as modest. The inflation report is expected to set the next direction for BTC.

ambcrypto04/08 14:03

Bitcoin rises as ETF inflows hit February highs amid crisis – But will it last?

ambcrypto04/08 14:03

Here’s Why The Bitcoin Price Fell Below The $70,000 Level Again

The Bitcoin price fell below the critical $70,000 support level due to a sharp market pullback triggered by the Federal Reserve's decision to maintain current interest rates. This reinforced a "higher for longer" monetary policy stance, extending the expected timeline for rate cuts to 2026. High interest rates make money more expensive, reducing investment in risky assets like cryptocurrencies. The drop erased the week's gains as BTC fell 3% from $72,400 to under $70,000 shortly after the announcement. Despite the bearish sentiment, data shows a 3.9% increase in large whale addresses holding 100+ BTC over the past three months, indicating continued institutional confidence. Macro events, including upcoming Fed meetings, CPI and PCE data, and geopolitical tensions, will continue to influence Bitcoin's price trajectory.

bitcoinist03/21 04:02

Here’s Why The Bitcoin Price Fell Below The $70,000 Level Again

bitcoinist03/21 04:02

After 6 Quarters of Calling for Rate Cuts, Rate Expectations Are Instead Moving Upwards

In September 2024, the Federal Reserve began its rate-cutting cycle, projecting a median federal funds rate of 3.4% by the end of 2025—implying four additional cuts. However, six quarters later, the March SEP (Summary of Economic Projections) reveals a significant shift: the rate now stands at 3.50%-3.75%, 25 basis points higher than initially expected. The median projection for 2026 has also risen from 2.9% to 3.4%. The Fed’s internal consensus has fractured. Out of 19 FOMC participants, seven now expect no rate cuts in 2026, while seven anticipate only one cut. This 7:7 split reflects a fundamental disagreement over the direction of monetary policy, moving from debates over the magnitude of cuts to whether cuts should occur at all. Persistent inflation is the core issue. The Fed has consistently revised its PCE inflation forecasts upward over the past six quarters, with the 2026 projection now at 2.7%—up 0.6 percentage points from initial estimates. Core PCE, a key indicator of underlying inflation, was revised up sharply to 2.7%, signaling entrenched price pressures. Despite slightly raising its GDP growth forecast to 2.4% and holding unemployment steady at 4.4%, the Fed’s unchanged median rate projection conflicts with its own rising inflation outlook. Market expectations remain more dovish, pricing in around 50 basis points of cuts, but the Fed’s internal division and consistent underestimation of inflation suggest continued uncertainty. The central bank is effectively chasing reality, with no clear consensus on the path ahead.

marsbit03/19 02:30

After 6 Quarters of Calling for Rate Cuts, Rate Expectations Are Instead Moving Upwards

marsbit03/19 02:30

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