What is the impact of US Core PCE on the cryptocurrency market?

1 answers

• Dec 27, 2021 · 3 years ago
  The US Core PCE is an economic indicator that measures the average change in prices paid by consumers for goods and services, excluding food and energy. While it may not have a direct impact on the cryptocurrency market, it is still an important factor to consider. Changes in the US Core PCE can reflect the overall health of the economy and influence investor sentiment. If the US Core PCE shows signs of inflation, it may lead to a decrease in the value of cryptocurrencies as investors seek more stable assets. Conversely, if the US Core PCE indicates a slowing economy, it may attract more interest in cryptocurrencies as a potential alternative investment. Therefore, it's important to analyze the US Core PCE data in conjunction with other market factors to understand its potential impact on the cryptocurrency market.
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