#PCEInflationWatch As of February 1, 2025, the latest available data indicates that the U.S. Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased by 0.2% in September 2024, bringing the annual rate to 2.1%. This aligns with the Fed's target of 2% inflation per year.

In the cryptocurrency market, Bitcoin recently experienced a significant rally, reaching $73,000 in mid-March 2024. Following this peak, the market saw a period of profit-taking, leading to a decline in prices across various cryptocurrencies. As of the latest reports, Bitcoin and other major cryptocurrencies have faced losses ranging from 1.7% to 7% over a 24-hour period.

Investors are closely monitoring these inflation metrics, as they influence the Federal Reserve's monetary policy decisions, which in turn impact the cryptocurrency market. Lower inflation rates may lead to a looser policy stance, potentially driving price increases in cryptocurrencies, while higher rates could have the opposite effect