PCE Data

The Federal Reserve’s decision to hold rates removed the immediate surprise risk markets had feared, but three dissents for tighter policy kept the policy outlook unsettled. Stocks, the dollar, gold and silver all reacted unevenly as traders shifted attention to upcoming inflation, jobs, GDP and PCE data.

Bitcoin’s latest advance has lost momentum as investors reassess the meaning of softer U.S. inflation data for Federal Reserve policy. With producer price data due later today and oil prices pressuring the inflation outlook, crypto traders are watching macro signals closely.