#GateSquareAprilPostingChallenge

Breaking News: April 9 U.S. data released, a critical 24 hours for crypto markets has begun

This week’s agenda is extremely busy, and the start of a ceasefire helped cryptocurrencies rise. Even though concerns about the ceasefire’s fragility worry risk markets, since a two-week negotiation process has started, the parties are expected not to sabotage it. As the article was being prepared, key U.S. data was released, and even more important reports will come tomorrow.

Personal Consumption Expenditures, U.S. GDP (GDP) Quarterly Final and other data were announced just now. These reports were very important to see the war’s first effects. One is the inflation indicator followed by the Fed through PCE, and what will shape expectations for 2026 interest rates. The other is the final revision of the U.S. economy’s growth rate for a particular quarter. It shows the pace of economic growth. The expectation is 0.7%. Coming in higher than expectations proves the economy is strong, and because a “hot” economy is considered inflationary, it supports the U.S. dollar.

The data was released as follows;

U.S. PCE Price Index (Monthly) Released: 0.4% (Expectation: 0.4% Previous: 0.3%)
GDP QoQ Final Released: 0.5% (Previous and Expectation: 0.7%)
U.S. Consumer Expenditures (Monthly) 0.5% (Expectation: 0.6% Previous: 0.4%)
15:30 U.S. Core PCE Price Index (Yearly) Released: 2.96% (Expectation: 3 Previous: 3.1%)
PCE came in in line with expectations and did not rise significantly. Initial jobless claims came in at 219K, above the 210K expectation, which is in favor of rate cuts. GDP (GDP) Final (came in at %0.5, below the expectation of 0.2%. The U.S. economy grew less than expected; the Fed should now think about being supportive, and consumer spending is also slowing.

BTC rose a bit after the reports.