The major cryptocurrency Bitcoin (BTC) has fluctuated between $100,000 and $110,000 in recent weeks.
Economic data from the US has been positive in recent months, but the Fed did not take the expected interest rate cuts in June and was postponed to July and September.
The market was cut in September with its first interest rate cut in 2025, but data on personal consumption expenditure (PCE) has been released, which continues closely when the Fed has made its interest rate decisions and is considered a key inflation indicator.
Therefore, personal consumption expenditure data for May was as follows:
Core Personal Consumption Expense Price Index (YOY) announced 2.7% – forecast 2.6% – previous 2.5%
Core Personal Consumption Expense Price Index (Monthly) 0.2% – Forecast 0.1% – Previous 0.1%
Personal Consumption Expense Price Index (Annual) is 2.3% – Forecast 2.3% – Previous 2.1%
Personal Consumption Expense Price Index (Monthly) 0.1% – Forecast 0.1% – Previous 0.1%
According to Kobeissi’s letter, PCE inflation has been rising for the first time since February 2025. Therefore, the Fed is expected to continue to suspend interest rate cuts.
What was the initial reaction to Bitcoin (BTC)?
*This is not investment advice.
