The leading cryptocurrency Bitcoin (BTC) has been fluctuating between $100,000 and $110,000 in recent weeks. Although the economic data coming from the US has been positive in recent months, the FED did not make the expected interest rate cut in June, and hopes were postponed to July and September. While the market is pricing in the first interest rate cut of 2025 to come in September, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, has been announced. Accordingly, personal consumption expenditures data for May were as follows: Core Personal Consumption Expenditure Price Index (YoY) Announced 2.7%– Expected 2.6% – Previous 2.5% Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.2%– Expected 0.1%– Previous 0.1% Personal Consumption Expenditure Price Index (Annual) Announced 2.3%– Expected 2.3%– Previous 2.1% Personal Consumption Expenditure Price Index (Monthly) Announced 0.1%– Expected 0.1%– Previous 0.1% According to The Kobeissi Letter, PCE inflation is rising for the first time since February 2025. Accordingly, the FED is expected to continue to pause interest rate cuts. What Was Bitcoin (BTC)'s First Reaction? *This is not investment advice. Continue Reading: BREAKING: The PCE Data Used by the FED to Measure Inflation Has Been Announced! Here is Bitcoin's (BTC) First Reaction!
