Coin-Turk 1 day ago
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One of the most significant data points for cryptocurrency investors this month was the recently released PCE figures. This important inflation indicator, monitored by the Federal Reserve, plays a crucial role in discussions regarding interest rate reductions and shifts in monetary policy. Although Bitcoin 
$84,035 has seen a considerable decline, the market reacted with a new attempt at $81,500 following the data release. What are the details behind the PCE figures?
US Personal Consumption Expenditures
According to data released today by the Bureau of Economic Analysis, personal income increased by $221.9 billion in January, reflecting a 0.9% monthly rise. Disposable personal income (DPI ($91.57)), which is personal income minus personal current taxes, also rose by $194.3 billion or 0.9%. However, personal consumption expenditures decreased by $30.7 billion (0.2%) in the same month.
Personal spending (PCE), which includes total personal interest payments and personal current transf…
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