The U.S. Federal Reserve’s (Fed) preferred inflation gauge PCE comes in hot for February but in line with market estimates, as per the latest PCE report by the U.S. Bureau of Economic Analysis. Now, we officially have rising CPI, PPI and PCE inflation. Meanwhile, Bitcoin price remains under pressure ahead of Fed Chair Jerome Powell speech later today.
The PCE inflation in the US slows to 0.3% month-over-month in February, following a 0.4% rise in January. Also, the monthly core PCE index, which excludes food and energy, came in at 0.3%, slowing from a 0.5% increase in the previous month.
On the other hand, the annual PCE rate rises to 2.5% from 2.4%, which was the lowest since February 2021. Also, the annual core PCE inflation came in line with estimates at 2.8%, low than last month’s 2.9%.
Wall Street giants including JPMorgan, Bank of America, UBS, Morgan Stanley, Citigroup, Deutsche Bank, Nomura, RBC, Barclays, Goldman Sachs, TD Securities, and Wells Fargo anticipated inflation
We współpracy z: https://coingape.com/pce-inflation-comes-in-hot-at-2-5-bitcoin-price-to-drop/
