Bitcoin and Crypto market waver ahead of US PCE inflation release. Wall Street expects headline inflation at 2.8% and core PCE at 2.9%. Cooling PCE report could lock in 25 bps Fed rate cut. September PCE and Core PCE prints expected to be similar to prior month.

US PCE inflation data, the Fed’s preferred gauge, set for release today. Wall Street estimates slight rise in headline PCE to 2.8%. Last data before Fed rate decision. Shift in estimates could alter Fed rate cut odds. Crypto market braces for volatility amid options expiry.

Economists project modest uptick in September PCE inflation. Headline PCE expected to rise 0.3% MoM and 2.8% YoY. Core PCE projected at 0.2% MoM and 2.9% YoY. PCE remains above Fed’s 2% target. Wall Street giants foresee PCE remaining sticky at 2.8% and core PCE at 2.9%.

Truflation reports PCE at 2.15% and core PCE at 2.62%. Bank of Japan rate hike pushes up Japanese bond yields. Treasury Secretary sees no recession risk in the US economy. Fed officials’ stance on December rate cut mixed. CME FedWatch tool shows 87% odds of 25 bps rate cut in December.

Crypto market awaits FOMC meeting and Jerome Powell’s press conference on December 10. Officials to decide on rate cut, economic projections, and potential QE. Bitcoin holds above $92K, sentiment positive. Analysts predict Bitcoin movement, potential rebound towards $100K.

Analyst predicts Bitcoin correction is over, forming a bottom before upward move. Support at $91.5K could lead to rebound to $100K. 300,648 BTC accumulated at $84,400 level. Trading volume drops 20% due to crypto options expiry. BTC futures open interest falls in derivatives market.

Read more at Yahoo Finance: Wall Street Estimates, Expert Insights, What Crypto Market Can Expect?