US PCE Inflation Test Looms Over Markets and Trump Ahead of Midterms
- —Forecast: headline PCE 3.7%, core 3.3% y/y and +0.3% m/m
- —The Fed raised rates this month for the first time in three years
- —10-year Treasury yield above 5%, a 19-year high
- —Trump's approval fell to 32%; half of voters cite prices as top issue
Why it matters: A hot PCE print would push yields higher and pressure bitcoin and altcoins; a soft reading would ease risk sentiment.
Source: BeInCrypto CN