๐บ๐ธ US PCE INFLATION COMES IN BELOW EXPECTATIONS
๐ PCE Inflation: 3.4% YoY
๐ Expected: 3.7%
โฌ๏ธ Previous: 3.4%
U.S. inflation came in softer than economists expected, with the PCE Price Index rising 3.4% year-over-year in August. The reading was below the 3.7% forecast.
The cooler inflation data reduced expectations for an immediate Federal Reserve rate hike, while core PCE also came in below forecasts at 3.0%.
๐ Markets are now watching closely for how this softer inflation trend could affect liquidity, interest-rate expectations, and risk assets including crypto.
๐ PCE Inflation: 3.4% YoY
๐ Expected: 3.7%
โฌ๏ธ Previous: 3.4%
U.S. inflation came in softer than economists expected, with the PCE Price Index rising 3.4% year-over-year in August. The reading was below the 3.7% forecast.
The cooler inflation data reduced expectations for an immediate Federal Reserve rate hike, while core PCE also came in below forecasts at 3.0%.
๐ Markets are now watching closely for how this softer inflation trend could affect liquidity, interest-rate expectations, and risk assets including crypto.
