Breaking: US PCE Core Inflation Comes In More Than Expected For April

Crypto Market News: The United States core personal consumption expenditures (PCE), which measures price rise across a range of consumer spending, was released on Friday by the Bureau of Economic Analysis. From the preceding month, the PCE price index for April 2023 increased 0.4 percent while the PCE price index excluding food and energy increased 4.7 percent from one year ago. Although the core PCE Index generally has an impact on the high risk assets like Bitcoin, the crypto market did not react much to the April inflation figures. Meanwhile, the market participants are looking forward to the likelihood of a debt ceiling deal later today.