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US macro data (PCE).
Core PCE (y/y), September
Actual: 2.8%
Forecast: 2.9%
Core PCE (m/m), September
Actual: 0.2%
Forecast: 0.2%
Headline PCE (y/y), September
Actual: 2.8%
Forecast: 2.8%
Headline PCE (m/m), September
Actual: 0.3%
Forecast: 0.3%
All indicators came out within expectations or slightly better—the market expected nothing alarming, but there’s also no reason for a rally just yet.
Meanwhile, Bitcoin is already heading toward 90.4k—pressure remains, and momentum after the data is weak.