Latest inflation readings paint an interesting picture. The Fed's preferred gauge—PCE inflation—still isn't flashing warning signs about tariff-driven price surges spiraling out of control. Despite all the noise around trade policy shifts, the data suggests costs haven't gone haywire yet.

This matters for crypto markets more than people think. When inflation stays tame, central banks have breathing room to keep rates steady or even pivot dovish. That liquidity backdrop? It's what risk assets thrive on. Bitcoin and altcoins historically catch bids when macro conditions don't force the Fed's hand into aggressive tightening.

Sure, tariffs could bite later. But right now, the numbers aren't screaming crisis. For traders watching macro signals, this PCE print is one less reason to panic—and maybe one more reason to stay positioned for reflation trades if the Fed stays patient.