US PCE Inflation Rises to 2.6%, Core Inflation Steady at 2.8%
The Economic Analysis Administration reported on Friday that the third month of PCE inflation in the United States has increased to 2.6 %. The core PCE inflation in the United States was 2.8 % in December, which is the same as November. As analysts and investors expect further growth in the next few months, stocks and Bitcoin are seeing their income. The annual core US PCE inflation rate in accordance with market expectations jumps to 2.8 %, and is the same as early months. The monthly core PCE is 0.2 %, which is higher than 0.1 % last month. The Fed stopped interest rates on Wednesday and raised Bitcoin and encrypted prices. However, Powell Chairman Powell’s comment on not rushing taxes was criticized by President Trump, and President Trump advocated the reduction of tax reduction.
