#CorePCESignalsShift

The November Core PCE Price Index rose 2.8% year-over-year, staying steady with the previous month but falling short of the expected 2.9%. On a monthly basis, it increased by just 0.1%, lower than the projected 0.2%.

Why does this matter? 📊

The Core PCE is a key inflation gauge monitored by the Federal Reserve. A slower-than-expected rise might hint at a less aggressive Fed in terms of rate hikes, potentially creating a favorable environment for risk assets like Bitcoin and Ethereum.

Key questions:

Will this signal a pause or slowdown in Fed rate hikes?How might this affect crypto market momentum going into 2024?

Let’s discuss the potential impact of inflation trends on crypto! 💬