In short

  • US PCE inflation fell to 3.4% in August, below the forecast of 3.7%

  • Bitcoin surged over $ 85 000 within an hour while gold rose by about $ 20

  • The market had priced in a 72.5% chance of an interest rate increase from the Fed in October.

Read the original story Bitcoin and gold prices rise within minutes when US inflation falls to 3.4% by Lockridge Okoth at no.beincrypto.com

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