The US services sector data has just been released, and the final PMI figure for September came in at 54.1. This is below what the market expected, which anticipated 55.0.

Although the number still shows expansion (anything above 50 indicates growth), the difference from expectations could generate some volatility. The services sector represents a huge portion of the US economy, so these numbers are no small matter.

For those of us following the crypto markets, this type of macro reading matters a lot. A weaker-than-expected PMI could influence the Fed’s decisions on interest rates, which ultimately impacts appetite for risk assets.

Anyone else keeping an eye on these indicators? The correlation between traditional macro data and digital market movements is becoming increasingly clear.

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ContractTearjerker

· 12-03 15:15

PMI dropped to 54.1? The Fed is going to stir things up again. I've said before that macro data can't be ignored—makes sense now, right?

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StakeWhisperer

· 12-03 15:15

PMI dumped the market again, the Fed is really playing a tense game here. --- 54.1, just 0.9 off and it makes a world of difference—the market is so petty... --- Just wait and see, when this kind of data comes out, the Fed will definitely take action, and we in crypto will have to shiver along with it. --- Seriously, macro indicators and crypto prices are getting more and more tightly linked. There's no going back to the era of pure technical analysis. --- Is anyone still just looking at candlesticks? Now if you’re not watching Fed speeches and PMI data, you don’t even dare move your positions. --- It’s weird that the service sector only shrank this much, feels like the economy is more resilient than we thought. --- This is why I always say you need to pay attention to traditional finance signals. A tiny miss like that can still make big waves.

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RugpullSurvivor

· 12-03 15:12

54.1 PMI, missed expectations again. Now the Fed won't be able to sit still, and our crypto circle is going to suffer.

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LightningPacketLoss

· 12-03 15:09

PMI has dropped... Now the Fed has another excuse. Feels like the crypto world is going to be dominated by macro data again.

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ser_ngmi

· 12-03 15:07

54.1 vs 55.0, can such a small difference really trigger a sell-off? The Fed is going to stir things up again, right?

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ForkTrooper

· 12-03 15:07

PMI dropped by 0.9 points, doesn't feel that serious... but the Fed just loves to make a big deal out of small things. --- Here comes macro data again, this time the US service sector missed expectations... is it still bullish? --- 54.1 is still expansion, the paper hands are about to start acting again. --- Wait, what impact does this have on BTC? Can someone knowledgeable explain? --- They're already hyping the Fed's rate decision at this point? It's still way too early.

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