US core PCE inflation for Q2 comes in at 3.3% vs 3.6% expected
- —Q2 core PCE: 3.3% vs 3.6% expected
- —Q2 US GDP growth: 2.2% vs 1.5% forecast
- —Headline quarterly PCE price index rose 5.0%
- —October rate-hike odds fell to about 45%
Why it matters: Softer core inflation eases pressure on the Fed, but strong GDP growth keeps a hike on the table — a key driver for bitcoin and risk assets.
Source: Newsbit