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The Federal Reserve's preferred inflation gauge declined on a monthly basis for the first time in six years, and Bitcoin barely moved.
$BTC traded flat alongside US equities as the PCE data landed in line with year-on-year expectations, with a separate easing in South Korea's semiconductor rout giving risk assets an additional lift.
What the PCE print actually says The case for reading this as a genuine macro shift is real.
A monthly drop in PCE inflation, the measure the Fed leans on most heavily when calibrating rate decisions, is the kind of data point that shifts the argument around how long restrictive policy needs to stay in place.
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