PCE data appeared in July in line with expectations, as it rose to 2.6 % on an annual basis (YO), an evolution of a recovery in the BTC price. The pioneering encryption jumped where traders still expect a reduction in the Federal Reserve rate in September after the issuance of these data.
PCE data rises in July to 2.6 % on an annual basis, BTC climbing
Economic Analysis Analysis Office It showed that the PCE inflation rate in July increases to 2.6 %, similar to the rate recorded in June. Meanwhile, monthly data was 0.2 %, as well as expectations and less than June data 0.3 %.
The basic PCE data also increased to 0.3 % on the basis of the month (MOM) and 2.9 % on an annual basis, both of which are in line with expectations. The Federal Reserve’s favorite inflation scale provided a thunderbolt look at the BTC price and the broader encryption market, as it indicates that inflation is still fixed.
Tradingview data shows that the price of Bitcoin rose after the release of PCE data. The pioneering Crypto erupted sharply over $ 110,000 and was trading of about $ 11,700 at the time of this report. Bitcoin still decreased by approximately 2 % a day, as it decreased from the highest level during the day of $ 113,400.
BTC decreased to $ 109400 a day, as whales continued to be profit. However, PCE data has now provided a form of bullish momentum, given how inflation data positively affects FOMC in September.
Federal Reserve Chairman Jerome Powell has already indicated that he might have to reduce a rate with a high risk of employment at work, although the risk of inflation is still present. However, this data version indicates that inflation remains in a positive position and that the primary focus on the Federal Reserve should be on the diverse labor market.
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Alignafe Adeyemi
Boluwatife Adeyemi is a writer and editor of encryption news that covers topics that exceed several ports. Its speed and alacity covering uniform break updates. He has a talent to simplify the most technical concepts and make them easy to understand beginners in encryption. Boluwatife is also a lawyer, a law certificate from the University of Ibadan. It also holds a certificate in digital marketing. Away from writing, he is a fan of thirsty basketball, traveler, and part -time Degen.
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2025-08-29 12:54:00
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