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#LADYS US data shows:
The May PCE Price Index recorded an annual rate of 2.6%, in line with the expected value of 2.6%, lower than the previous value of 2.70%.
May Core PCE Price Index MoM 0.1%, in line with the expected value of 0.1%, lower than the previous value of 0.3%.
The expected inflation rate for the one-year period in June is 3%, lower than the expected value of 3.2%, and lower than the previous value of 3.3%.
In May, the core PCE price index recorded an annual rate of 2.6%, the smallest increase since March 2021; the monthly rate of core PCE price index in May recorded an increase of 0.1%, the smallest since November 2023. Fitch Ratings stated that today's PCE data further demonstrates that the inflation stagnation in the first quarter has resumed its downward trend. If the trend continues over the next two months, the Fed may eventually have confidence in cutting interest rates in September.
The main driving force behind this bull market is the decline in US inflation and interest rates, and the momentum is still there. The interest rate cut will give birth to a bubble peak, and the later the time, the more sufficient the reason for the Fed to turn to loose water.
Just wait for the interest rate cut, everything now is worth it.. The bull market expectations remain the same, everyone can consider hoarding leading companies in various zones, the bull market starts with BTC and ETH, then various leading companies in different zones, and finally various altcoins will surge.