Summary:
The US Personal Consumption Expenditures price index (PCE) increased by 0.1% in November compared to October and by 4.7% compared to a year ago. As the world’s most powerful economy made the announcement, BTC reacted with minor price volatility. The US Commerce Department outlined the PCE increase on Friday. The metric is typically the go-to point for the Federal Reserve, as it provides a clearer picture of consumer prices. The 5.5% jump in the Core PCE (which includes food and energy) is slightly higher than the 4.7% estimation. The report also showed that general spending was also on the rise in November (0.1%) but not as much as in previous months (0.8%). On the other hand, personal income increased by 0.4% in November, which is slightly lower than the October figures
Topics:
Jordan Lyanchev considers the following as important: AA News, Bitcoin (BTC) Price, United States
This could be interesting, too:
The US Personal Consumption Expenditures price index (PCE) increased by 0.1% in November compared to October and by 4.7% compared to a year ago. As the world’s most powerful economy made the announcement, BTC reacted with minor price volatility. The US Commerce Department outlined the PCE increase on Friday. The metric is typically the go-to point for the Federal Reserve, as it provides a clearer picture of consumer prices. The 5.5% jump in the Core PCE (which includes food and energy) is slightly higher than the 4.7% estimation. The report also showed that general spending was also on the rise in November (0.1%) but not as much as in previous months (0.8%). On the other hand, personal income increased by 0.4% in November, which is slightly lower than the October figures
Topics:
Jordan Lyanchev considers the following as important: AA News, Bitcoin (BTC) Price, United States
This could be interesting, too:
Wayne Jones writes dYdX CEO Declares 35% Workforce Reduction
Chayanika Deka writes Former FTX’s Head of Engineering Nishad Singh Dodges Prison
Dimitar Dzhondzhorov writes Bitcoin (BTC) Price to Hit New ATH as Long as It Stays Above This Resistance Zone (Analyst)
Mandy Williams writes Aave Sees 0M Weekly Increase in cbBTC Inflows, But There’s a Catch
The US Personal Consumption Expenditures price index (PCE) increased by 0.1% in November compared to October and by 4.7% compared to a year ago.
As the world’s most powerful economy made the announcement, BTC reacted with minor price volatility.
- The US Commerce Department outlined the PCE increase on Friday. The metric is typically the go-to point for the Federal Reserve, as it provides a clearer picture of consumer prices.
- The 5.5% jump in the Core PCE (which includes food and energy) is slightly higher than the 4.7% estimation. The report also showed that general spending was also on the rise in November (0.1%) but not as much as in previous months (0.8%).
- On the other hand, personal income increased by 0.4% in November, which is slightly lower than the October figures (0.7%).
- Aside from the more well-known Consumer Price Index (CPI), the PCE is the other most frequently cited index for calculating inflation rates in the States.
- Unlike the CPI announcements, which typically carry a heavy toll on BTC’s price, the PCE brought minor volatility.
- The primary cryptocurrency dipped by a few hundred dollars from its familiar ground of $16,800 before it pumped to a daily high of over $16,900.
