#PCEInflationWatch

Inflation rises, rate cuts are delayed: Bitcoin remains strong! 🚀📊

🚨🚨 Last minute market update 🔥🔥

The PCE price index in the U.S., the Federal Reserve's preferred inflation indicator, rose by 0.3% in December, bringing the annual rate to 2.6%, still exceeding the Federal Reserve's 2% target. This could lead to delays in interest rate cuts, which would impact global financial markets.

💰 Bitcoin remains resilient! Despite economic uncertainties, Bitcoin holds steady at $104,824, reinforcing its role as a store of value and potential hedge against inflation.

🔎 With inflationary pressures persisting and rate cuts in question, investors are on high alert! Will this trigger a significant shift in the market? Stay tuned! 📊