Nexo analysts: Next week's macro data such as PCE may affect The Federal Reserve (FED) interest rate cut decision, potentially driving BTC's rise.

PANews March 22 news, according to Cointelegraph, Nexo analyst Iliya Kalchev stated that the consumer confidence index, fourth quarter GDP, initial jobless claims, and the critically important personal consumption expenditures (PCE) inflation data next week are very important. These data may affect The Federal Reserve's interest rate cut decision. The market may now have more confidence in the upcoming economic data, and the cooling of inflation and stabilization of economic conditions may further boost investor interest, thereby driving further rise in Bitcoin and digital assets.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)