#CorePCESignalsShift

US November Core PCE Rises 2.8% YoY, Below Expectations; Bitcoin Recovers to 95K:

Recent data from the United States shows a slight easing of inflation, which has had a positive impact on the price of Bitcoin.

On December 20th, the U.S. Bureau of Economic Analysis (BEA) released its report on the Core Personal Consumption Expenditures (PCE) price index for November.1 This index, which measures changes in the prices of goods and services purchased by consumers, rose 2.8% compared to the same time last year.2 This was slightly lower than the 2.9% increase economists had predicted.3

The Core PCE is a particularly important economic indicator for the Federal Reserve (Fed).4 It excludes volatile food and energy prices, providing a clearer picture of underlying inflation trends.5 The Fed uses this data to inform its decisions on monetary policy, including setting interest rates.6

Because the Core PCE came in below expectations, some investors believe the Fed may be less likely to aggressively raise interest rates or may maintain its current policy. This perception of potential monetary easing has boosted market sentiment, particularly for Bitcoin.

Before the release of the inflation data, Bitcoin's price had dipped to around $93,000. However, immediately following the announcement, it saw a rapid increase, jumping to $95,000. This suggests that the slightly lower-than-expected inflation figure has instilled some confidence in the market, leading to increased buying activity for Bitcoin.

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