Fast Take
- Bitcoin is down -3.31% on Feb. 24 as a consequence of a warmer than anticipated PCE knowledge.
- Conventional belongings are additionally down on the day, which incorporates SPX (-0.22%), XAUUSD (-0.75%), and Nasdaq (-2.00%).
- Wall Avenue is now pricing one other 25 bps hike, along with the 50 bps remaining, as a consequence of at present’s PCE.
- This could take the federal funds charge to five.25 – 5.50% for the top of 2023, a complete of 75 bps remaining.
The publish Wall Avenue is now pricing in a terminal charge of 5.25-5.50, after sizzling PCE knowledge, BTC down over 3% appeared first on CryptoSlate.
