Quick Take
U.S. Feb. Core PCE Price Index (MoM): 0.3%, [Est. 0.4%, Prev. 0.5%]
U.S. Feb. Core PCE Price Index (YoY): 4.6%, [Est. 4.7%, Prev. 4.7%]
U.S. Feb. Personal Spending (MoM): 0.2%, [Est. 0.3%, Prev. 2.0%]
U.S. Feb. PCE Price Index (YoY): 5.0%, [Est. 5.1%, Prev. 5.3%]
CryptoSlate reported that core inflation is one of the hardest metrics to bring down for central banks.
But the U.S. data has come in lower than expected but still too hot for the feds liking; another rate hike is probable.
This morning, Eurozone core inflation hit an all-time high of 5.7%.
Bitcoin remains above $28,000
Core PCE Europe: (Source: Eurostat)
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