US Inflation Moderates but Still Above Fed's Target; Personal Spending Rises in September
The US Bureau of Economic Analysis has released the personal consumption expenditures (PCE) inflation data for September, with the annual PCE inflation in line with market forecasts at 3.4%. The Federal Reserve's preferred gauge for measuring inflation, the annual core PCE, also came in at 3.7%, falling from 3.9% last month. However, the core PCE month-over-month rose to 0.4% against the expected 0.3%, indicating that inflationary pressures continue to slowly moderate. The US stock futures rose on Friday, while Bitcoin and Ethereum are expected to continue rising as PCE inflation cools slowly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
