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Nexo analyst: Next week's PCE and other macro data may affect The Federal Reserve (FED) interest rate cut decision, potentially driving BTC 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 next week's crucial Personal Consumption Expenditures (PCE) inflation data are very important. These data may affect The Federal Reserve (FED)'s interest rate cut decision, and the market may now have more confidence in the upcoming economic data. A cooling of inflation and a stable economic situation may further boost investor interest, thus driving the further rise of Bitcoin and digital assets.