Tomorrow PCE. Expected 4.1%, last month 3.8%.


If it really exceeds, Warsh's first FOMC hawkish stance won't just be a scare.
The bond market is already pricing in two rate hikes. The dollar has surged to its highest since last November.
Frankly, I’m more concerned about core PCE. If core doesn’t come down, it means it’s not an oil price issue, but more underlying inflation stickiness.
That matters more than anything.
BTC is around 62k right now. If PCE exceeds expectations, there could be another leg down.
Better to have thought ahead than to panic when it happens.
BTC-4.63%
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