U.S. Q3 core PCE surged to 2.9%, with persistent inflation reinforcing expectations for liquidity in the crypto market.

[Bitu] The core PCE price index for the third quarter in the United States has just been released - the year-on-year preliminary value surged to 2.9%, up from the previous 2.7%. Although this data only increased by 0.2 percentage points, it carries significant weight in the eyes of the market. The stickiness of inflation is stronger than expected, directly affecting the Fed's subsequent rate-cutting pace and intensity. For the crypto assets market, this means that the liquidity environment may not be as loose as imagined. In the short term, risk assets face pressure, and in the long term, it depends on how the Fed responds - either maintaining a hawkish stance or unexpectedly making a more aggressive shift. The next market movement will largely depend on the policy response triggered by this set of data.