US Q2 PCE Annualized QoQ Final 3.8% vs 3.4% Expected

The upward revision matters less as a backward-looking data point than as a signal about the durability of consumer demand into the second half. It also complicates the disinflation narrative that has underpinned risk appetite across crypto and tokenized real-world assets, since firmer spending can keep price pressures alive. The open question is whether this final print shifts the rate-path conversation or gets dismissed as stale, lagging data.