{"id":143462,"date":"2024-11-27T19:00:45","date_gmt":"2024-11-27T17:00:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143462"},"modified":"2024-11-27T18:46:29","modified_gmt":"2024-11-27T16:46:29","slug":"us-inflation-data-in-line-with-expectations-what-it-means-for-federal-reserve-rate-cuts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/us-inflation-data-in-line-with-expectations-what-it-means-for-federal-reserve-rate-cuts\/","title":{"rendered":"US Inflation Data in Line with Expectations – What It Means for Federal Reserve Rate Cuts"},"content":{"rendered":"

The US Bureau of Economic Analysis revealed<\/a> <\/strong>the October PCE data, which indicated that inflation rose by 2.3% year-on-year (YoY), in line with forecasts. Additionally, inflation rose by 0.2% compared to the previous month, consistent with the September figures.<\/p>\n

The Core PCE, which excludes volatile food and energy prices, showed a 2.8% increase YoY, matching estimates and slightly up from the 2.7% recorded in September. On a monthly basis, Core PCE rose by 0.3%, again aligning with expectations and similar to the previous month\u2019s performance.<\/p>\n

As noted by Coingape, this inflation data is a critical macroeconomic indicator this week, particularly due to its influence on the cryptocurrency market. The US Federal Reserve\u2019s minutes from their latest meeting were also released<\/a><\/strong>, signaling that any further rate cuts will depend on whether inflation moves closer to their target of 2%.<\/p>\n