Data Following FED in the USA Has Been Announced! Good or Bad for Bitcoin?
Personal Consumption Expenditures (PCE) data in the USA have been announced.
As of today, the eyes of traditional financial markets and the cryptocurrency industry have turned to the data coming from the USA. Recently, PCE data, which is closely followed by the US Federal Reserve (FED), was announced in the USA.
Here are the latest important economic data from the USA, one of the largest economies in the world:
US Annual Core Personal Consumption Expenditures
Price Index (PCE):
Previous: 2.8%
Expectation: 2.6%
Announced: 2.6%
US Monthly Core Personal Consumption Expenditures
Price Index (PCE):
Previous: 0.2%
Expectation: 0.1%
Announced: 0.1%
US Annual Personal Consumption Expenditures Price Index (PCE):
Previous: 2.7%
Expectation: 2.6%
Announced: 2.6%
US Monthly Personal Consumption Expenditures Price Index (PCE):
Previous: 0.3%
Expectation: 0.0%
Disclosure: 0.0%
It seems that all of the latest PCE data from the USA were announced in line with expectations. If these data come in line with expectations, it will reduce its impact on the markets.
Although Bitcoin threw downward and upward needles in the Binance futures market after critical data, it does not seem to be affected much by these latest data.