US core PCE for August comes in at 3.0% vs 3.3% expected, bitcoin tops $84,000
- —Annual core PCE for August: 3.0% vs 3.3% expected
- —Inflation came in well below forecasts
- —Bitcoin rose above $84,000 after the data
Why it matters: Softer inflation eases pressure on the Fed and supports risk assets, including bitcoin.
Source: Uzmancoin