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The Bureau of Economic Analysis is revising the PCE price index — the Fed's preferred inflation gauge — right as a divided FOMC debates its next rate move this fall. Methodology changes that shift measured inflation even a few tenths could reprice Fed expectations, moving UST yields, the DXY, and rate-sensitive risk assets including BTC and NASDAQ. Watch whether the revised series prints hotter or cooler than the current 2%-target trajectory, since that will determine if the overhaul is hawkish or dovish for the rate path.
As a Macro signal, watch whether it changes price action, volatility, or flows around GSPC, BTC, KRW=X.
Original Source: MarketWatch
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