How Much Bitcoin, XRP, Ether, Solana May Move on Friday's Inflation Report

Source: CryptoNewsNet Original Title: Here’s How Much Bitcoin, XRP, Ether, Solana May Move on Friday’s Inflation Report Original Link: https://cryptonews.net/news/bitcoin/32088340/ The Fed’s preferred inflation gauge, core PCE, likely rose in September—moving in the wrong direction. Yet volatility indices show no signs of major turbulence.

The core PCE likely rose 2.9% year-on-year in September, heading in the wrong direction from the Fed’s goal of a 2% annual rate, according to FactSet. If the actual figure matches estimates, it would mark 55 straight months of inflation above the Fed’s 2% target. The sticky inflation would strengthen the Fed hawks, who are in favor of slower rate cuts.

Still, as of writing, Volmex’s annualized one-day bitcoin implied volatility index, BVIV, hovered in familiar ranges around 36%. That equates to a 24-hour expected price swing of 1.88%, which is nothing out of ordinary.