#PCEInflationWatch
Inflation climbs, rate cuts delayedโBitcoin holds the line! ๐๐
๐จ๐จ Breaking Market Update! ๐ฅ๐ฅ
The U.S. PCE price index, the Federal Reserveโs preferred inflation gauge, climbed 0.3% in December, bringing the annual rate to 2.6%โstill exceeding the Fedโs 2% target. This could lead to delays in interest rate cuts, influencing global financial markets.
๐ฐ Bitcoin Stays Resilient! Despite economic uncertainties, Bitcoin remains steady at $104,824, reinforcing its role as a store of value and potential inflation hedge.
๐ With inflation pressures persisting and rate cuts in question, investors are on high alert! Will this spark a major market shift? Stay tuned! ๐
