Data on personal consumption expenditures in the US has been released
Bitcoin, the leading cryptocurrency, experienced a decline after rising above $87,000 and is currently trading around $83,000
Following dovish remarks from New York Fed President John Williams, market expectations for another Fed interest rate hike in October have significantly declined. Williams’ statement that there is “no need to rush” into a new monetary policy step has reduced the probability of an October rate hike, priced in by markets, from approximately 70% to below 50%
Following these announcements, investors continued to closely monitor the market, and data on Personal Consumption Expenditures (PCE), which the Fed closely monitors when making interest rate decisions and is considered a leading indicator of inflation, was released
Core Personal Consumption Expenditures Price Index (Annual) Announced 3.0% – Expected 3.39% – Previous 2.9%
Core Personal Consumption Expenditures Price Index (Monthly) Announced 0.2% – Expectation 0.3% – Previous 0.2%
Personal Consumption Expenditures Price Index (Annual) Announced 2.6% – Expected 3.7% – Previous 2.7%
Personal Consumption Expenditures Price Index (Monthly) Announced 0.3% – Expectation 0.4% – Previous 0.3%
TwitterWhatsAppLinkedinTelegram Similar Posts Ripple (XRP) Avoids Disaster: Security Vulnerability Discovered That Could Allow Billions of XRP to Be Mined If Bitcoin Drops Again, at What Level Will It Stabilize? Analysts Weigh In BREAKING: Security Vulnerability Discovered in Popular Altcoin – Block Production Halted Label Name Mail
