Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Quick Take
- Troubling new numbers from the Fed’s preferred inflation metric, the Personal Consumption Expenditure (PCE) Price Index, are set to be released today.
- The PCE Index measures the changes in the cost of consumer goods and services month over month; today’s numbers are expected to surpass the anticipated 3.9% to reach 4.4%.
- The Kobessi Letter summarized the PCE inflation report in a tweet pointing out that PCE inflation for both April and May were higher than expected.
- Markets are now forecasting a further 25-basis point rate hike, raising the federal funds rate to 5.25-5.50%.
Probabilities: (Source: CME)
The post Market anticipates 25-basis point rate hike in June appeared first on CryptoSlate.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.