US core PCE rises 3.1% year-on-year in September, in line with forecasts
- —Headline PCE up 3.6% year-on-year in September, as expected
- —Core PCE up 3.1% year-on-year and 0.3% month-on-month
- —Both readings matched analyst forecasts
- —Core PCE is a key input for Fed rate decisions
Why it matters: An in-line inflation print reduces the odds of a sharp Fed tightening and supports rate expectations, a key driver for risk assets including crypto.
Source: Bloomingbit