Inflation data came in a little better than expected.
The PCE price index rose just 0.2% in August.
The forecast was 0.3%.
If we look at the annual figure, the increase was 3%.
This is below the 3.3% that analysts expected.
Bitcoin reacted with a rise after these figures were released and yields fell.
Are you surprised the market reacted that way?
$BTC
#Bitcoin #Inflacion #Markets
The PCE price index rose just 0.2% in August.
The forecast was 0.3%.
If we look at the annual figure, the increase was 3%.
This is below the 3.3% that analysts expected.
Bitcoin reacted with a rise after these figures were released and yields fell.
Are you surprised the market reacted that way?
$BTC
#Bitcoin #Inflacion #Markets
