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Core PCE Hits 2.7% in May—Fed Rate Cut Now Pushed to September?
Core PCE Hits 2.7% in May—Fed Rate Cut Now Pushed to September?
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BTCCSquare news:
Wall Street's expectations for cooling inflation were upended as May's PCE report revealed a resurgence in price pressures. The 2.7% reading sent shockwaves through markets, forcing a recalibration of Fed rate cut timelines and triggering volatility across asset classes.
Cryptocurrencies, often sensitive to liquidity expectations, showed muted initial reaction—a departure from their typical macro-driven behavior. This divergence suggests traders may be pricing in structural demand drivers beyond traditional monetary policy narratives.
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