On June 27, the US core PCE year-on-year rate unexpectedly rose to 2.7%, higher than the expected 2.4%, while the month-on-month rate was 0.2%, lower than the expected 0.3%; the overall PCE year-on-year rate also rose to 2.3%, indicating that inflation pressure still exists.
The University of Michigan's consumer confidence and inflation expectations, also released simultaneously, remained unchanged from the previous period, showing that the market remains conservative about economic prospects, and Americans continue to maintain a cautious attitude towards prices.
Bitunix analysts suggest: The core annual inflation exceeding expectations has dampened market sentiment, and the short-term upward momentum of the crypto market may be limited. They recommend that investors reduce high-leverage positions, control their positions, and wait for policy and market sentiment to become clearer before intervening, with a conservative approach in the short term.
