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Search results for PCE price index

Crypto

Bitcoin falls as U.S. April PCE inflation dims rate-cut hopes

U.S. April personal consumption expenditures (PCE) inflation rose 3.8 percent from a year earlier, the highest since May 2023. Bitcoin weakened after the data, slipping to around $73,300 and down 2.89 percent over 24 hours to about $73,404. Core PCE rose 3.3 percent year-on-year, also matching forecasts. Markets focused on the likelihood of rates staying high longer, with CME FedWatch pricing a 98.9 percent chance of no change in June.

Crypto

Bitcoin tries to rebound on U.S.-Iran peace deal hopes; five key variables

Bitcoin is attempting to recover toward $77,000 after falling below $75,000, reviving talk of potential short liquidations up to $80,000. Some traders see the drop as a temporary liquidity sweep, while others warn weak spot demand and renewed leverage could trigger more liquidations. Key factors this week include expectations of a U.S.-Iran peace deal, U.S. risk-asset strength, upcoming April PCE inflation data and Fed policy signals, rising exchange inflows to Binance, and weakening U.S. institutional demand shown by ETF outflows.

Finance

Kosdaq rally as semiconductors pause puts focus on this week\'s market direction

South Korean stocks face a week packed with catalysts, including U.S. inflation readings, a Bank of Korea policy meeting, MSCI rebalancing and the launch of single-stock leveraged and inverse ETFs. Investors are watching whether the KOSPI can hold near 8,000 and whether rotation into Kosdaq growth stocks can continue. The Kosdaq surged last week on buying in advanced industries. Markets also await the U.S. PCE inflation gauge and policy signals on rates, inflation and the currency.