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PANews cited CoinDesk as saying that after U.S.August PCE data came in below expectations,BTC rose briefly to 85,500 USD, before retreating to approximately 83,700 USD. The report identified elevated Treasury yields as the key factor preventing risk appetite from continuing.
U.S.August core PCE Both year-on-year and month-on-month readings came in below expectations, while personal spending exceeded expectations. Following the data, short-term interest-rate futures rose, and October the probability of holding rates unchanged was 52.9%。
PANews cited CME“Fed Watch” as saying that PCE after the data release, the market expects the Federal Reserve’s probability of October keeping interest rates unchanged to be 52.9%，December cumulative rate hikes of 25 or 50 basis points to have a combined probability of 90%。