The post US PCE Inflation Rises to 2.6%, Core Inflation Steady at 2.8% appeared first on Coinpedia Fintech News
The Bureau of Economic Analysis reported on Friday that the headline US PCE inflation has increased for the third month to 2.6%. Core PCE inflation in the U.S. held steady at 2.8% in December, the same as November. Stocks and Bitcoin are seeing gains as analysts and investors anticipate further growth in the coming months. The annual core US PCE inflation jumps to 2.8%, in line with market expectations and the same as in the earlier month. The monthly core PCE comes in at 0.2%, up from 0.1% last month. The Fed paused interest rates on Wednesday, boosting Bitcoin and crypto prices. However, Fed Chair Powell’s comments about not rushing to cut rates were criticized by President Trump, who advocates for rate cuts.