Core PCE Data Shows Gradual Inflation Slowdown, Impacts Crypto Market

A recent report from the US Department of Commerce shows a continued but steady rise in core PCE prices, exceeding expectations. This signifies that inflation is easing, though it remains above the Federal Reserve’s 2% target. The stable rise suggests the Fed might consider pausing interest rate hikes, potentially benefiting riskier asset classes like cryptocurrency. The impact on cryptocurrencies is expected to be positive due to the relatively stable macroeconomic environment.