🇺🇸 Core PCE came in at 0.2%, below expectations of 0.3%.

That may sound like a small miss, but for markets, it’s a big signal.
Cooling inflation strengthens the case for future Fed rate cuts, lowers pressure on yields, and boosts risk appetite across equities and crypto.
The macro backdrop is quietly shifting from “higher for longer” to “easing is getting closer.”
Liquidity reacts fast when inflation starts rolling over