Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
US Inflation Moderates but Still Above Fed's Target; Personal Spending Rises in September

US Inflation Moderates but Still Above Fed's Target; Personal Spending Rises in September

CointimeCointime2023/10/27 14:18
By:Cointime

The US Bureau of Economic Analysis has released the personal consumption expenditures (PCE) inflation data for September, with the annual PCE inflation in line with market forecasts at 3.4%. The Federal Reserve's preferred gauge for measuring inflation, the annual core PCE, also came in at 3.7%, falling from 3.9% last month. However, the core PCE month-over-month rose to 0.4% against the expected 0.3%, indicating that inflationary pressures continue to slowly moderate. The US stock futures rose on Friday, while Bitcoin and Ethereum are expected to continue rising as PCE inflation cools slowly.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Grass: Stage 2 has arrived

Cointime2024/11/02 05:55

Election uncertainty may put market certainty on the back burner

In Friday’s Roundup, Jason Yanowitz said he doesn’t think we’ll see the markets “rip” until potentially January or even February

Blockworks2024/11/02 05:33