Reserve

Core

Bitcoin

Although Bitcoin rose above $ 38,000, it could not hold on there for long and fell back to $ 37,700. 
While BTC was preparing for the monthly closing, data on Personal Consumption Expenditures (PCE), which is closely followed by the FED when making interest rate increase decisions and is considered a leading inflation indicator, was announced. 
Accordingly, all data announced regarding personal consumption expenditures in October are as follows: 
Core Personal Consumption Expenditures Price Index (Annual) Announced 3.5% – Expected 3.5% – Previous 3.7% 
Core Personal Consumption Expenditures Price List (Monthly) Announced 0.2% – Expected 0.2% – Previous 0.3% 
Personal Consumption Expenditures Price Index (Annual) Announced 3% – Expected 3% – Previous 3.4% 
Personal Consumption expenditures Price Index (Monthly) Announced 0.0% – Expected 0.1% – Previous 0.4% 
Apart from the data on personal consumption expenditures, data on Unemployment Benefit Applications were also announced. 
Applications for Unemployment Benefits: Announced- 218k Expected- 220k Previous- 209k 
<h2 id="first-reaction-of-dollar-and-bitcoin">First reaction of Dollar and Bitcoin:</h2> 
<img decoding="async" class="alignnone wp-image-128011" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/11/DXY_2023-11-30_16-32-16.png" alt="" width="564" height="513"> 
<img decoding="async" class="alignnone wp-image-128013" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/11/BTCUSDT_2023-11-30_16-32-53.png" alt="" width="585" height="532"> 
<h2 id="what-is-core-personal-consumption-expenditures-price-index-what-is-the-effect-on-price">What is Core Personal Consumption Expenditures Price Index? What is the Effect on Price?</h2> 
Core Personal Consumption expenditures (PCE) determine the rate of inflation experienced by consumers when purchasing goods and services other than Food and Energy. 
Currency traders observe the Core PCE Price List as the Reserve Bank's preferred consumer inflation indicator. 
PCE differs slightly from CPI in that it only identifies services and goods that are consumed and targeted separately. The Nutrient and Energy calculation is roughly 25% of PC Ent, but these can vary greatly from month to month and can distort the whole picture. Like the CPI, it reflects price changes in consumer goods and services. By excluding the variable components, PCE would be a better indicator under the inflationary slope. (investing.com) 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/leading-inflation-data-followed-by-fed-has-been-announced-here-is-the-reaction-of-bitcoin-and-dollar-2/">Leading Inflation Data Followed by FED Has Been Announced! Here is the Reaction of Bitcoin and Dollar!</a>

Leading Inflation Data Followed by FED Has Been Announced! Here is the Reaction of Bitcoin and Dollar!

목차

Bitcoin Sistemi EN

2023년 11월 30일에 게재된 다른 기사

Charles Hoskinson Shares Theory on Why Satoshi Nakamoto Chose Anonymity

Goodbye To BUSD: Binance Announces Complete Phase-Out By December

New Ethereum Layer-2 Blast Closes in on Solana After Reaching $600 Million TVL in 10 Days

Unlocking Potential: The Impending Token Unlocks in the Crypto Market

Understanding the Impact of MicroStrategy’s Latest Bitcoin Purchase on Market Movements

MicroStrategy Buys 16,130 Bitcoin As Holdings Surpass $1B Gains

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!