#Bitcoin is on the rise! 🔥
After the PCE data* came in below expectations, Bitcoin started to rise and the price rose above the $95,000 level. Probability is that the FED will leave interest rates unchanged in January 2025
👉The PCE index is considered by the Fed to be the most accurate measure of inflation.
*personal consumption expenditures data for November were as follows:
Core Personal Consumption Expenditure Price Index (YoY) Announced 2.8% – Expected 2.9% – Previous 2.8%
Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.1%– Expected 0.2% – Previous 0.3%
Personal Consumption Expenditure Price Index (Annual) Announced 2.4% – Expected 2.5% – Previous 2.3%
Personal Consumption Expenditure Price Index (Monthly) Announced 0.1% – Expected 0.2% – Previous 0.2%
