Quick Take
- U.S. Feb. Core PCE Price Index (MoM): 0.3%, [Est. 0.4%, Prev. 0.5%]
- U.S. Feb. Core PCE Price Index (YoY): 4.6%, [Est. 4.7%, Prev. 4.7%]
- U.S. Feb. Personal Spending (MoM): 0.2%, [Est. 0.3%, Prev. 2.0%]
- U.S. Feb. PCE Price Index (YoY): 5.0%, [Est. 5.1%, Prev. 5.3%]
- CryptoSlate reported that core inflation is one of the hardest metrics to bring down for central banks.
- But the U.S. data has come in lower than expected but still too hot for the feds liking; another rate hike is probable.
- This morning, Eurozone core inflation hit an all-time high of 5.7%.
- Bitcoin remains above $28,000
The post PCE data comes in slightly lower than expected; Bitcoin holds firm at $28K appeared first on CryptoSlate.
