Viewpoint: Next week's PCE and other macro data may affect the Fed's interest rate cut decision, which may drive BTC's potential rise
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Odaily Planet Daily News A digital asset investment platform Nexo analyst Iliya Kalchev stated that consumer confidence index, fourth-quarter GDP, initial jobless claims, and the crucial personal consumption expenditure (PCE) inflation data next week are critically important. These data may influence the Federal Reserve's interest rate reduction decision. The market may now be more confident about the upcoming economic data, and the cooling of inflation and stabilization of economic conditions could further stimulate investors' interest, thereby driving the further rise of Bitcoin and digital assets. (Cointelegraph)
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