Core PCE Hits 2.7% in May—Will the Fed Finally Cut Rates in September?
Inflation refuses to bow out quietly. The Fed's favorite gauge—Core PCE—clocked in at 2.7% last month, stubbornly above target. Now, traders are scrambling to price in a delayed rate cut, with September emerging as the new consensus.
Wall Street's crystal ball: broken again. Just months ago, markets priced in aggressive cuts starting March. Now? A humbled Fed watches data—not predictions—drive policy. Powell's patience is becoming legendary.
The irony? While traditional finance plays rate-cut roulette, Bitcoin's mining difficulty just hit another ATH. Decentralized systems don't wait for Fed memos. Maybe that's why institutions are quietly accumulating BTC while retail watches CNBC.
One thing's certain: in today's economy, the only 'soft landing' might be in Metaverse real estate.
Just when Wall Street thought the price increase was cooling off—it came roaring back. May’s PCE inflation report dropped like a bombshell, shaking up forecasts, delaying rate cut timelines, and rattling crypt... Read More
