search
Homeweb3.0The probability of interest rate cuts in September has increased, and the US PCE data in May is in line with the expected inflation slowdown! Why doesn't Bitcoin rise?

The probability of interest rate cuts in September has increased, and the US PCE data in May is in line with the expected inflation slowdown! Why doesnt Bitcoin rise?

This site (120BtC.coM): After the May CPI data and retail sales data released by the United States earlier this month showed that inflation has cooled down, the Ministry of Commerce announced another measure of inflation yesterday (28th) An important indicator, namely May PCE (Personal Consumption Expenditures Price Index) data, shows that inflation is slowing down again. Specifically:
  1. The overall PCE in May was unchanged from the previous month, with a monthly increase of 0.3% in April; compared with the same period last year, the increase was 2.6%, and the annual increase in April was 2.7%. In line with market expectations.
  2. Core PCE, which excludes volatile food and energy prices, increased by 0.1% in May. The monthly increase in April was revised upward from 0.2% to 0.3%. The core PCE annual growth rate, which has remained at 2.8% for three consecutive months, slowed to 2.6% in May, marking the smallest growth rate since March 2021.
  3. Expert: The Fed is expected to start cutting interest rates in September

The Fed has frozen the federal benchmark interest rate at a range of 5.25% to 5.5% since July last year. Although Fed officials have made hawkish remarks many times before, claiming that they will only cut interest rates once at most this year, recent inflation data still give the market confidence that the Fed may start cutting interest rates in September and will cut interest rates twice this year.

  1. Beth Ann Bovino, chief economist of U.S. Bank, said just after yesterday’s PCE data was released: We do expect the real economy to weaken, but it will not fall off a cliff, just weaken, which means that inflation will also be released in the future. slow. This gives us reason to expect that the Federal Reserve may start cutting interest rates in September. We all know it depends on the data, and the Fed is still waiting to see. Are they still waiting? Will there be only one drop this year? I can't rule it out, but the data seems to provide the Fed with a case for two rate cuts this year.
  2. In addition, according to the CME Group’s FedWatch tool, the current market is also leaning towards the Fed starting to cut interest rates in September. The probability is 59.5%. It is believed that the probability of maintaining interest rates unchanged in September is only 34.1%.
  3. As for the interest rate in December, the market predicts that the probability of the Fed cutting interest rates for the second time in December is 44%, and the probability of starting to cut interest rates in December is 30.4%. Almost no one predicts that the Fed will maintain the current rate in December. interest rate level.

The probability of interest rate cuts in September has increased, and the US PCE data in May is in line with the expected inflation slowdown! Why doesnt Bitcoin rise?

US stocks surged

After the PCE news came out, all four major US stock indexes rose, with Philadelphia Semiconductor seeing the largest increase:

  1. Dow Jones Industrial Index: up 0.12% or 45.03, at 39,209.25 points
  2. S&P Index: rose 0.11% or 6.26, to 5,489.28 points
  3. Nasdaq Index: rose 0.028% or 5.08, to 17,862.32 points
  4. Philadelphia Semiconductor Index: rose 1.39% or 75.37, to 5,496.47 points

Bitcoin holds on to $61,000

In terms of cryptocurrency, the PCE news failed to save Bitcoin’s recent decline, and BTC even fell slightly; in addition, in the evening, the SEC announced that it would sue Consensys and claimed that Lido and other pledge projects were securities, exacerbating the market decline. , Bitcoin once fell below $61,000. At the time of writing, Bitcoin has rebounded to $61,040, but the trend is still unclear.

Ethereum has the same trend and has fallen below $3,400 at the time of writing, trading at $3,397.

The above is the detailed content of The probability of interest rate cuts in September has increased, and the US PCE data in May is in line with the expected inflation slowdown! Why doesn't Bitcoin rise?. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
XRP, HYPE, ONDO Are Showing Fresh Signs of LifeXRP, HYPE, ONDO Are Showing Fresh Signs of LifeApr 11, 2025 am 11:08 AM

Altcoins are showing fresh signs of life following Trump's 90-day tariff pause, and three names in particular—XRP, HYPE, and ONDO—are catching investor attention.

Best Crypto Casinos for Instant Withdrawal 2025Best Crypto Casinos for Instant Withdrawal 2025Apr 11, 2025 am 11:06 AM

What sounds better: winning big and then waiting days for the money to arrive, or playing at crypto casinos with instant withdrawal?

Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETFNasdaq Files to List VanEck Avalanche (AVAX) Trust ETFApr 11, 2025 am 11:04 AM

This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.Apr 11, 2025 am 11:02 AM

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.

Woman Regains More Than $35000 Lost in a Cryptocurrency ScamWoman Regains More Than $35000 Lost in a Cryptocurrency ScamApr 11, 2025 am 10:58 AM

CINCINNATI, OH — A 73-year-old Delhi Township woman has regained more than $35,000 lost in a cryptocurrency scam, thanks to the quick action of local police and a specialized unit within the Ohio Bureau of Criminal Investigation (BCI)

Remittix (RMX) Price Prediction is at a Crossroads TodayRemittix (RMX) Price Prediction is at a Crossroads TodayApr 11, 2025 am 10:56 AM

Remittix, a new DeFi token, can be one of the best cryptos to put your money in this year, according to most.

Dogecoin (DOGE) Price Reversal Sets the Stage for a New All-Time HighDogecoin (DOGE) Price Reversal Sets the Stage for a New All-Time HighApr 11, 2025 am 10:54 AM

After a long-running streak of breaking down from support levels, Dogecoin (DOGE) is set to reverse the trend.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment