Economists Predict Moderate July PCE Inflation Impacting Fed Policy and Cryptocurrency Markets

Economists anticipate a moderate month-over-month increase in July’s core PCE inflation rate, possibly influencing the Federal Reserve’s policy decisions. The anticipated impact on cryptocurrency markets, particularly Bitcoin and Ethereum, is also being closely watched. 0.28% month-over-month growth in the core PCE inflation rate is expected, following CPI and PPI conversions. This prediction suggests a potential shift in Fed policy, potentially impacting crypto asset markets globally. These changes could lead to interest rate adjustments, affecting assets like Bitcoin and Ethereum as lower rates often drive increased market activity.