U.S. core PCE is expected to reach its highest level since October 2023, with the data set to be released tonight. According to BlockBeats, the Federal Reserve’s key inflation indicator—the Personal Consumption Expenditures (PCE) price index—will be released tonight at 20:30 Beijing time on June 25. The annual rate of overall PCE in May is expected to rise from 4.0% in April to 4.1%. The core PCE annual rate excluding food and energy is expected to rise from 3.3% to 3.4%, reaching the highest level since October 2023. The data shows that since 2021, core PCE has remained above the Federal Reserve’s 2% inflation target. CME FedWatch tool data shows that, as of Wednesday, the probability of a 25-basis-point rate hike in July is 34%. Analysts believe that part of the recent rise in inflation is attributable to higher oil prices following the tensions between Iran and Israel in May (since then, oil prices have fallen). In addition, the rise in inflation also reflects broader supply pressures, with core PCE rebounding sharply in recent months after falling to a three-year low of 2.6% in April. #BTC下探60000美元关键关口