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The BEA's advance estimate on the 30th showed US Q2 real GDP grew at a 1.5% annualized rate, dragged down by lower government spending and softer investment and exports, while June core PCE rose only 0.1% month-over-month. The combination of slowing growth and easing inflation strengthens the case for Fed rate cuts, which is supportive for UST yields to fall, the DXY to soften, and risk assets including BTC/ETH and the NASDAQ to reprice higher. Watch whether resilient consumer spending holds up and how upcoming payrolls data confirm the soft-landing versus growth-scare interpretation.
As a Macro signal, watch whether it changes price action, volatility, or flows around GSPC, BTC, KRW=X.
Original Source: 블록미디어
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