The U.S. released the latest Personal Consumption Expenditures (PCE) price index for January on Friday, with all data meeting expectations, easing market concerns about a resurgence of inflation and providing room for the Federal Reserve to cut interest rates. Encouraged by this, major U.S. stock indices all rose, with BTC also rebounding yesterday after falling to around $78,000, briefly breaking through $85,000. The U.S. Department of Commerce released the latest PCE price index for January on Friday, showing a monthly increase of 0.3% and a year-on-year increase of 2.5%. The core PCE, excluding food and energy, increased by 0.3% monthly and 2.6% annually, all meeting market expectations and easing concerns about inflation, providing room for interest rate cuts by the Federal Reserve.
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