US core inflation falls to 3.0 percent: what investors need to know before the Fed decision on October 28

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.US core inflation ran at 3.0 percent in August, clearly below the expected rate. That shifts expectations for the Fed meeting on October 28 and helps decide how much room the Bitcoin price gets in the fourth quarter.The most important inflation figure in the United States came in weaker than expected on September 30. The price index for personal consumption expenditures excluding food and energy, known internationally as core PCE, rose 3.0 percent in August against the same month a year earlier. The market had expected 3.3 percent. For you as an investor in Germany, one thing above all follows from that: the probability that the Federal Reserve turns the interest rate screw once more on October 28 has fallen within a few days from around 70 percent to below half. Higher rates are the counterweight to risk assets, and Bitcoin is one of them. Core PCE in August: what the BEA release says The US Commerce Department publishes the figure through the Bureau of Economic Analysis, or BE...