[Crypto World] On June 27, the U.S. core PCE year-on-year unexpectedly rose to 2.7% in May, higher than the expected 2.4%, with a month-on-month rate of 0.2%, lower than the expected 0.3%; the overall PCE year-on-year also rose to 2.3%, indicating that inflationary pressures still exist. The University of Michigan’s consumer confidence and inflation expectations, which were also released, remained flat compared to previous periods, showing that the market remains conservative about the economic outlook, and the American public maintains a cautious mindset towards prices. An analyst suggested that the core year-on-year inflation exceeding expectations dampens market sentiment, and the short-term momentum in the crypto market may be limited. It is recommended that investors reduce high-leverage positions, control their positions, and wait for policies and market sentiment to become clearer before re-engaging, with a focus on conservative operations in the short term.
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The U.S. core PCE year-on-year for May exceeded expectations, and the short-term action ability of the crypto market may be limited.
[Crypto World] On June 27, the U.S. core PCE year-on-year unexpectedly rose to 2.7% in May, higher than the expected 2.4%, with a month-on-month rate of 0.2%, lower than the expected 0.3%; the overall PCE year-on-year also rose to 2.3%, indicating that inflationary pressures still exist. The University of Michigan’s consumer confidence and inflation expectations, which were also released, remained flat compared to previous periods, showing that the market remains conservative about the economic outlook, and the American public maintains a cautious mindset towards prices. An analyst suggested that the core year-on-year inflation exceeding expectations dampens market sentiment, and the short-term momentum in the crypto market may be limited. It is recommended that investors reduce high-leverage positions, control their positions, and wait for policies and market sentiment to become clearer before re-engaging, with a focus on conservative operations in the short term.