Last minute! Leading Inflation Data Followed by FED Has Been Announced! Here is the Reaction of Bitcoin and Dollar!

BitcoinWhile it has exhibited sharp movements recently, it fell to the level of $ 62,800 in the decline experienced yesterday.

BTC While it rose above $ 64,000 again, data on Personal Consumption Expenditures (PCE), which is closely followed by the FED when making interest rate increase decisions and is considered a leading inflation indicator, was announced.

Accordingly, all data announced regarding personal consumption expenditures in March are as follows:

Core Personal Consumption Expenditures Price Index (Annual) Announced 2.8% – Expected 2.6% – Previous 2.8%

Core Personal Consumption Expenses Price List (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3%

Personal Consumption Expenditures Price Index (Annual) Announced 2.7% – Expected 2.6% – Previous 2.5%

Personal Consumption expenditures Price Index (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3%

First reaction of Dollar and Bitcoin:

What is Core Personal Consumption Expenditures Price Index? What is the Effect on Price?

Core Personal Consumption expenditures (PCE) determine the rate of inflation experienced by consumers when purchasing goods and services other than Food and Energy.

Currency traders observe the Core PCE Price List as the Reserve Bank’s preferred consumer inflation indicator.

PCE differs slightly from CPI in that it only identifies services and goods that are consumed and targeted separately. The Nutrient and Energy calculation is roughly 25% of the PCE, but these can vary greatly from month to month and can distort the whole picture. Like the CPI, it reflects price changes in consumer goods and services. By excluding the variable components, PCE would be a better indicator under the inflationary slope. (investing.com)

*This is not investment advice.