US PCE Data Meets Expectations, No Shock to Crypto Market

The latest US Personal Consumption Expenditures (PCE) data shows a 2.6% annual growth rate, aligning with market predictions and suggesting stable inflation. This release, managed by the U.S. Bureau of Economic Analysis, presents minimal impact on the cryptocurrency market, despite impacting BTC and ETH prices due to general inflation sentiment. The stability of this economic indicator offers clarity for investors and a predictable landscape for the crypto sector. Notably, there were no immediate reactions or public statements from key figures in the crypto world regarding this data release.