Category: personal consumption expenditures

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Bitcoin price hits $28.5K on PCE data as macro ‘accumulation zone’ ends

Bitcoin is up $1,000 on the day as bets on $30,000 hitting soon reappear in advance of the BTC price monthly close. Bitcoin (BTC) recovered recent losses at the March 31 Wall Street open as traders looked for a strong monthly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE delights risk assets as with…
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US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9%

On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since 1982. On the same day, Stanford University’s senior fellow at the Hoover Institution and professor of economics, John Cochrane, said the Federal Reserve…
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