Subdued U.S. Inflation Data Lifts Bitcoin as Core PCE Misses Expectations

The Personal Consumption Expenditures (PCE) price index for the United States in August came in below market expectations, easing inflation fears and providing a boost to Bitcoin. The Core PCE, closely monitored by the Federal Reserve, rose by 3% year-on-year, compared to the market’s forecast of a 3.3% increase.

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