US PCE: Bitcoin, Ethereum Retrace Ahead Of Inflation Data; Wall Street Estimates

The U.S. Bureau of Economic Analysis to announce the personal consumption expenditures (PCE) inflation data for September today. The annual PCE inflation is expected at 3.4%, after an increase to 3.5% last month. The Federal Reserve’s preferred gauge to measure inflation core PCE is expected at 3.7%, falling from 3.9% last month. However, on a monthly basis, core PCE is expected to accelerate to 0.3% from 0.1%.