Tonight, the US May PCE data was released, broadly in line with market expectations: core PCE at 3.4% year-on-year and 0.3% month-on-month both met expectations, overall PCE month-on-month at 0.4% slightly below expectations, and inflation did not show an unexpected rebound.


At the same time, initial jobless claims at 215k were below expectations, employment remains resilient, personal spending exceeded expectations, and the soft landing logic continues.
After the data was released, US stock futures quickly rallied. Overall, it was neutral to dovish, without reinforcing hawkish expectations. In the short term, it eases pressure on risk assets, and the recovery window continues. #BTC $BTC
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SoominStar
· 4h ago
Ape In 🚀
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SoominStar
· 4h ago
LFG 🔥
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