[U.S. Personal Consumption Expenditures (PCE) Inflation Data] The PCE data was released on Friday, Jan 31 at 10:30 PM KST! One of the most closely watched indicators by the Federal Reserve is undoubtedly the Personal Consumption Expenditures (PCE) index. This is because it's directly linked to the Fed’s interest rate decisions. Most of the results aligned with expectations, so Bitcoin's price remained relatively unaffected. However, consumer spending came in strong, which suggests that inflation concerns still linger. 😓 How the market interprets this data will likely become clearer when the U.S. stock market opens. Hopefully, a positive reaction will inject some much-needed liquidity into the market! 🚀 What are your thoughts? Will the market take this as a sign of strength or a reason for caution? 🤔 Let’s discuss! ⬇️
