At 12:30 (UTC) on March 28, the Fed’s preferred inflation gauge, the PCE Price Index, was released! Data shows that the U.S. core PCE YoY for February came in at 2.8%, the highest since December 2024, surpassing the market expectation of 2.7%.
Following the release, U.S. stock index futures edged lower. With PCE exceeding expectations, could this alter the Fed’s rate-cut timeline? How will the crypto market respond? Share your thoughts!