The Personal Consumption Index has just been released. It shows a -0.1% MoM change in personal consumption expenditures. The estimates expected no change in the PCE from last month. Therefore, a decrease of 0.1% in PCE is a second straight data that reveals cooling inflation. As a result, a strong crypto rally can be seen.
The post Breaking: PCE Reveal Sees BTC, ETH Rally, Can The Fed “Full Send” It? appeared first on CoinGape.
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Author: toutiao
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