The U.S. Core PCE (Personal Consumption Expenditures) Price Index for May showed a slight cooling in inflation, rising 0.1% month-over-month and 2.6% year-over-year, aligning with market expectations. This key inflation gauge, closely watched by the Federal Reserve, excludes volatile food and energy prices, offering a clearer view of underlying inflation trends. The data suggests steady disinflation, strengthening hopes that the Fed may begin cutting rates later in 2025. Markets reacted positively, with equities gaining and the dollar softening. For crypto investors, easing inflation pressure and potential rate cuts could support renewed bullish momentum in Bitcoin and risk assets.
