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CryptoPulse HQ
๐จ US Core PCE Inflation Rises to 3.1%
๐บ๐ธ US core PCE inflation climbed to 3.1% in September, up from 3.0% in August, keeping pressure on the Federal Reserve.
The Fedโs 2% inflation target remains out of reach, raising concerns about a possible interest rate hike in December.
๐ What does this mean for crypto?
Higher interest rates could put pressure on $BTC , $ETH , $XRP and altcoins as investors reassess risk.
could inflation trigger another market sell-off? ๐
#USCorePCERisesTo3.1%
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