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📉 Release of CORE PCE data... and inflation cools down a bit!
The Core PCE—the Fed’s preferred inflation gauge—came in as follows:
• 2.8% year-on-year vs. expectations of 2.9%
• 0.2% month-on-month—exactly in line with estimates
⚡️ Not a big surprise, but it maintains the path of slowing inflation
and gives high-risk assets like crypto and stocks some breathing room.
Overall trend: Inflation is cooling... and pressure on the Fed is gradually easing... $BTC