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BEA The annual benchmark revisions showed that August core PCE year-over-year growth fell to 3%, below market and Federal Reserve expectations. Bank of Montreal analysts said that the economy is expanding and employment remains robust, but the urgency of another rate hike has declined.
US second-quarter core PCE PCE price index annualized q/q final reading was 3.3%, below the expected 3.6%, with the previous reading at 3.60%。
U.S.August core PCE annual rate falls below expectations and reaches a six-month low, sending Bitcoin briefly above 84000 USD, while gold and silver rise in tandem.
The article states that BTC has risen for 3 consecutive months,September with a gain of approximately 6%; spot demand is contracting and futures growth is stagnating, 84000 to 85000 USD with dense holdings above, while the market awaits core PCE and the nonfarm payrolls data.