Breaking: Fed’s Preferred Inflation Gauge PCE Cools To 2.6%, Bitcoin & Altcoins To Rally?

Traders bracing for PCE inflation data triggered positive sentiment in the crypto market as inflation cools in the US. The U.S. Bureau of Economic Analysis reported headline PCE inflation rate slowed to 2.6% from 2.7%, which came in line with market estimates. The annual core PCE inflation also dropped as expected to 2.6% from 2.8%. The post Breaking: Fed’s Preferred Inflation Gauge PCE Cools To 2.6%, Bitcoin & Altcoins To Rally? appeared first on CoinGape .

Source: CoinGape