Wu Blockchain (@WuBlockchain): U.S. January PCE inflation rose 0.3% MoM and 2.8% YoY; core PCE increased 0.4% MoM and 3.1% YoY, remaining above the Federal Reserve’s 2% inflation ta…
Estimated coin impact
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U.S. January PCE inflation rose 0.3% MoM and 2.8% YoY; core PCE increased 0.4% MoM and 3.1% YoY, remaining above the Federal Reserve’s 2% inflation target. The data suggests persistent inflation pressures, leading economists to expect the Federal Reserve to delay interest-rate cuts.