The crypto landscape is poised for significant movements as the upcoming release of the US April Core PCE Price Index draws near on Friday. Analysts predict a modest month-on-month increase of 0.1%, mirroring March’s results. Although the implications of trade tensions, particularly from former President Trump’s tariffs, are anticipated to have minimal immediate impact on April’s data, their longer-term effects are expected to materialize soon. Furthermore, the resilience of the current employment sector suggests that Federal Reserve officials are likely to maintain current interest rates in anticipation of fully understanding the adjustments stemming from trade policy shifts. This cautious approach from the Fed indicates a stable environment for crypto assets, providing investors with a backdrop to assess their strategies.
Source: https://en.coinotag.com/breakingnews/us-core-pce-price-index-expected-to-remain-stable-amid-trade-policy-adjustments/