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The Bureau of Economic Analysis will revise how it calculates the PCE price index starting September, and economists cited by the WSJ estimate the new methodology could lower core PCE by roughly 0.2 percentage points. A mechanically lower reading on the Fed's preferred inflation gauge would ease the bar for rate cuts, supporting a repricing lower in UST yields and DXY and lifting rate-sensitive risk assets including BTC and NASDAQ. The key watch item is the first PCE print under the new methodology and whether Fed officials treat the statistical shift as genuine disinflation or discount it in their policy guidance.
As a Macro signal, watch whether it changes price action, volatility, or flows around IXIC, BTC, KRW=X.
Original Source: 블록미디어
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