US Inflation Cooler Than Expected, Impacting Bitcoin Prices

The US inflation rate cooled in March, according to the latest data from the Bureau of Economic Analysis (BEA), surprising experts who predicted a higher increase. The Personal Consumption Expenditures (PCE) price index rose 2.3% compared to year-ago levels, below February’s 2.7%. This reading is significant as it impacts Federal Reserve interest rate decisions and puts a possibility of future cuts on the table.