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August headline and core PCE forecast to rise 0.3%; Fed hike odds reportedly fall
A September 30 post said consensus expected both measures to rise 0.3% in August, with annual rates at 3.7% and 3.3%, respectively. A separate poster claimed Fed rate-hike odds had fallen from 70% to 42.6% in two days.
TLDR
On September 30, one post said consensus expected August headline and core PCE to rise 0.3%, leaving their annual rates at 3.7% and 3.3%, respectively—both unchanged from July. A separate poster claimed Fed rate-hike odds had dropped to 42.6% from 70% two days earlier and called the shift bullish for crypto.
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