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While Bitcoin (BTC) has been struggling with corrections in recent days, the minutes of the FOMC meeting were announced yesterday, indicating that the Fed will act more cautiously in reducing interest rates if the downward trend of inflation stagnates.
While the FED, which made a 25 basis point cut in November, is expected to make a 25 basis point cut in December, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is accepted as a leading inflation indicator, were announced.
Accordingly, personal consumption expenditures data for October were as follows:
Core Personal Consumption Expenditure Price Index (YoY) Announced 2.8% – Expected 2.8% – Previous 2.7%
Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3%
Personal Consumption Expenditure Price Index (Annual) Announced 2.3% – Expected 2.3% – Previous 2.1%
Personal Consumption Expenditure Price Index (Monthly) Announced 0.2% – Expected 0.2% – Previous 0.2%
<h2 id="what-was-bitcoin-btc-s-first-reaction">What Was Bitcoin (BTC)'s First Reaction?</h2>
<img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-159835" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-27_18-01-11.png" alt="" width="1112" height="1104">
<h2 id="interest-rate-cut-expectations-continue">Interest Rate Cut Expectations Continue!</h2>
The Fed made its first rate cut in September and started a series of 50 basis point cuts, followed by a 25 basis point cut in November. Another 25 basis point cut is expected, but according to CME FedWatch, a 66.3% chance of the Fed cutting 25 basis points on December 18, and a 33.7% chance of keeping rates steady.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-the-feds-pce-data-used-to-measure-inflation-has-been-announced-what-was-bitcoins-btc-first-reaction/" rel="noopener noreferrer nofollow">BREAKING: The FED's PCE Data Used to Measure Inflation Has Been Announced! What Was Bitcoin's (BTC) First Reaction?</a>

BREAKING: The FED's PCE Data Used to Measure Inflation Has Been Announced! What Was Bitcoin's (BTC) First Reaction?

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