Followin message, on June 27, the US core PCE annual rate unexpectedly rose to 2.7%, higher than the expected 2.4%, while the monthly rate was 0.2%, lower than the expected 0.3%; the overall PCE annual rate also rose to 2.3%, indicating that inflation pressure still exists.
The University of Michigan's consumer confidence and inflation expectations, which were also announced, remained unchanged from the previous period, showing that the market remains conservative about economic prospects, and US citizens maintain a cautious attitude towards prices.
Bit analyst recommendation:
The core annual inflation exceeding expectations has dampened the market, and the short-term upward momentum of the crypto market may be limited. It is recommended that investors reduce high-leverage positions, control positions, and wait for further clarity on policies and market sentiment before intervening, with a conservative approach in the short term.
