Fed Focuses On PCE Data As Bitcoin Steadies At $34,000

1 min read

‘s current standing at approximately $34,000 coincides with the Federal Reserve’s attention on Personal Consumption Expenditures (PCE) data, a key determinant in interest rate decisions. The Core PCE Price Index (Annual) has shown a slight reduction, aligning with recorded figures at 3.7%, down from the previous 3.9%.

The monthly Core PCE matched predictions at 0.3%, marking an increase from the preceding 0.1%. Meanwhile, both the annual and monthly PCE Price Indexes were reported at 3.4% and 0.4% respectively. These figures met expectations, with a minor rise in the monthly index against its forecast of 0.3%.

The Core PCE, which excludes volatile food and energy prices, serves as a stable inflation measure compared to the Consumer Price Index (CPI). This makes it the preferred choice for both the Federal Reserve and currency traders.

It is important to note that this data should not be misconstrued as direct investment advice but is instead a reflection of the current economic climate and its potential impacts on interest rates and currency trends.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

Leave a Reply

Your email address will not be published.

Previous Story

S&P 500 Dips To 5-Month Low As Earnings Season Highlights Struggles Of ‘Magnificent 7’ Tech Stocks To Keep Rally Afloat

Next Story

My ex-husband tried to secretly sell our rental home. He now suggests a 70-30 split as he paid maintenance for 20 years. Is that fair? 

Latest from Economy

مشاهير العرب سكس arabpornsamples.com زبر نايم
قصص ن realarabporn.com انجلا وايت
little pussy analpornstars.info chut land ki film
old movies telugu fuckmetube.mobi sapna rathi sex
pandaniku youhentai.org cbt hentai
xx com indian indianpornfeed.com bf vs gf
bf sex sex sex hqtube.mobi husband wife sexy video
desi sex video tumblr sexozavr.com animal fuck women
marathi blue film com xxx-tube-list.info xixxx video
bed room xnxx prontv.mobi real chut image
ytmp4 eroanal.net bhojpuri sexy
fpo xxx indiandesiclips.com nepal call girl
xvideo wwe gotporn.mobi www.indianxnxx
sex videos sunny leone erofreeporn.net hot malayalam actress navel pictures
presyo ng mga bilihin onlineteleserye.com love revolution season 2