PCE is 2.6 % hot in the United States. Will merchants turn into caution about the price of bitcoin?
The main title of PCE in the third month increased to 2.6 %, it was mentioned Economic Analysis Office on Friday. Moreover, the basic PCE enlargement In the United States, it was unexpectedly settled in 2.8 % in December, as in November. The shares and the Bitcoin price began to rise again as analysts and investors are optimistic about more gathering in the coming months.
It is worth noting that the US Federal Reserve has declined its economic expectations to the top, raising the annual inflation forecast for 2025 to 2.5 % of 2.1 % and expected the basic inflation of PCE to 2.5 % of 2.2 %.
Inflation comes in the United States of America by 2.6 %
the The US Economic Analysis Office was released Measuring the preferred inflation of the Federal Reserve US PCE data on January 31. Annual PCE It comes by 2.6 %, as expected, but from 2.4 % last month. Also, and Inflation month month 0.3 % increased after an increase of 0.1 % in the previous month.
the The annual inflation of the United States of America It jumps to 2.8 %, walking with market expectations and the same as in the previous month. the Core PCE monthly It comes at 0.2 %, up from 0.1 % last month.
FED penetrates the US price cuts
The Federal Reserve stopped interest rates on Wednesday, which led to a bitcoin price payment force and the broader encryption market. However, Federal Reserve Chairman Jerome Powell said that FOMC is not in a hurry to reduce prices again, which obtained harsh comments from US President Donald Trump because he planned to pay for price discounts.
feeding Michel Bowman Governor She said she wanted to see additional progress before the central bank reduces interest rates.
CME Fedwatch tool The possibility of 84 % of the Federal Reserve to maintain interest rates unchanged at the next FOMC meeting in March amid inflation data, which increases uncertainty in the markets.
Bitcoin decreased
The BTC price decreases slightly by 0.5 % after PCE inflation data, as the price is currently trading at 104,594 dollars. The lowest and high -level level for 24 hours is 103,912 dollars and 106,418 dollars, respectively. Moreover, the trading volume has decreased by 25 % in the past 24 hours, indicating a decrease in interest among traders amid uncertainty.
US dollar index (DXYIt turns volatile and moves 0.43 % to 108.26 after PCE inflation data. Moreover, the US Treasury’s return in the United States also increased for 10 years to 4.523 %. It is worth noting that bitcoin prices are moving in the opposite direction to the DXY treasury and the treasury, but uncertainty kept trading cautious about the market direction.
Varinder Singh
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