U.S. PCE Inflation Accelerates to 3.6%, Above the Fed’s 2% Goal

U.S. inflation accelerated in September, with the personal consumption expenditures price index rising 3.6% from a year earlier, adding a fresh policy data point for markets that include Bitcoin (BTC). The Bureau of Economic Analysis released its September Personal Income and Outlays report at 8:30 a.m. ET (12:30 UTC) on Oct. 29. The headline PCE index increased 0.5% from August, when it rose 0.3%. Its year-over-year pace also quickened, from 3.4% in August to 3.6% in September. The monthly headline gain matched economists’ expectations.

Source: TokenPost