Breaking: PCE Inflation Comes In Hot At 2.5%, Bitcoin Price to Drop?

The U.S. Federal Reserve’s (Fed) preferred inflation gauge PCE comes in hot for February but in line with market estimates, as per the latest PCE report by the U.S. Bureau of Economic Analysis. Now, we officially have rising CPI, PPI and PCE inflation. Meanwhile, Bitcoin price remains under pressure ahead of Fed Chair Jerome Powell speech later today.