The U.S. core PCE for May will be announced at 20:30 today, which may affect the cryptocurrency market

ChainCatcher News, XT Research Institute alerts that at 20:30 Singapore time tonight, the U.S. Department of Commerce will announce the annual rate of the U.S. core PCE price index for May. The market generally expects that the impact of U.S. core PCE data will be transmitted to the dollar index, U.S. Treasury yields and interest rate cut expectations, and may also affect risk markets and cryptocurrency markets.

The previous value of this data was 2.8%, with a forecast value of 2.6%. If the announced value is lower than expected, it would be bearish for dollars but bullish for non-U.S currencies; bearish for bond yields; bullish for interest rate cut expectations but bearish for interest rate hike expectations; bullish for risk markets as well as cryptocurrency markets.