Summary
- It was reported that the U.S. February Core PCE price index rose 2.8% year-on-year, exceeding market expectations.
- It was stated that as the inflation indicator rose, Bitcoin also showed a temporary decline.
- It was reported that concerns about inflation rising due to Trump's tariff policy are becoming a reality.
The United States' February Core Personal Consumption Expenditure (PCE) price index exceeded market expectations (2.7%).
According to data released by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) on the 28th (local time), the U.S. February Core PCE rose 2.8% year-on-year, surpassing market expectations. It also rose 0.4% month-on-month, exceeding experts' expectations (0.3%).
Core PCE is an index that excludes volatile food and energy prices. It is considered a key indicator that the U.S. Federal Reserve (Fed) refers to before making policy decisions such as setting interest rates.
As the inflation indicator exceeded expectations, Bitcoin (BTC) also showed a temporary decline. There is an interpretation that concerns about inflation rising due to Trump's tariff policy are becoming a reality. Bitcoin, which was hovering around $85,200 before the PCE announcement, temporarily returned to $85,000 immediately after the announcement.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
