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Nexo analysts: Next week's macro data such as PCE may affect The Federal Reserve (FED) interest rate cut decision, potentially driving BTC's rise.
PANews March 22 news, according to Cointelegraph, Nexo analyst Iliya Kalchev stated that the consumer confidence index, fourth quarter GDP, initial jobless claims, and the critically important personal consumption expenditures (PCE) inflation data next week are very important. These data may affect The Federal Reserve's interest rate cut decision. The market may now have more confidence in the upcoming economic data, and the cooling of inflation and stabilization of economic conditions may further boost investor interest, thereby driving further rise in Bitcoin and digital assets.