Today, September 27, the United States PCE will be published
This could bring volatility to markets, including bitcoin (BTC). The report will be released at 8:30 AM New York time (12:30 PM UTC time).
The PCE (personal consumption expenditures price index) measures changes in the prices of goods and services consumed by households. In this way, it provides a more accurate picture of inflation than the CPI (consumer price index), which measures a number of specific elements.
Inflation reports often have a significant impact on stock and bitcoin prices, so it is crucial for financial traders to take them into account when making decisions.
Bitcoin could react to an improvement in the PCE
Bitcoin could experience a rally if the personal consumption expenditures (PCE) price index shows improvement, according to Satoshi Flipper, a well-known cryptocurrency trader. A PCE of 2.3% would be an optimistic result as it would indicate a moderation in inflation, which could justify additional interest rate cuts.
However, there is no consensus among experts on a decline in this inflation measure. Bank of America economists predict an annual rise in PCE to 2.7%, while TradingEconomics data suggest an increase in the core measure from 2.6% to 2.7%.
This disagreement among specialists could create a volatile day for the markets, as investors and traders look for clear signals on the direction of the economy and monetary policy.
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