Crypto Market Eyes US PCE Inflation & Fed FOMC Minutes This Week
The post Crypto Market Eyes US PCE Inflation & Fed FOMC Minutes This Week appeared on BitcoinEthereumNews.com.
The coming week is set to be crucial for the crypto market as several major economic updates from the United States are due. Market participants are paying attention to the upcoming April PCE inflation report and the meeting minutes from the Fed. The expected data will likely influence market opinions due to concerns about inflation, interest rates, and continuous trade issues. US PCE Inflation Expectations as per Wall Street Forecasts The PCE inflation report, set to be released on May 30, is expected to guide market direction for the week. Per median forecasts compiled by Dow Jones and The Wall Street Journal, the core PCE index, which strips out food and energy costs, is expected to remain at 2.6% year-over-year. The monthly figure is forecast to show a 0.1% increase. The headline PCE index, which includes all components, is projected to ease slightly to 2.2% from 2.3% in March. On a monthly basis, it is forecast to rise 0.1%. Personal income is expected to grow by 0.3% in April. Personal spending is seen slowing to 0.2% from the 0.7% increase in March. Traders and analysts closely review these numbers. The Federal Reserve uses the PCE index as its preferred way to track inflation. A worse result might push the Fed to lower interest rates before the year is up. However, any rise could encourage the Fed to stay cautious. After a decline in spending and retail sales last month, the inflation numbers are anticipated to stay around current levels. The Cleveland Fed Nowcast model also supports expectations of a steady core reading. However, uncertainty around supply chains and geopolitical events could still influence final results. Therefore, markets may react sharply if actual data diverges from expectations. Fed FOMC Minutes from May Are Scheduled This Week: Crypto Market Sensitivity to Tone…
Filed under: News - @ May 25, 2025 2:18 pm