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US November PCE Data Interpretation: Inflation Remains Moderate but Shows No Clear Signs of Easing
【Crypto World】U.S. November consumer data is freshly released. Personal Consumption Expenditures Price Index (PCE) increased by 0.2% month-over-month, in line with expectations; year-over-year growth was 2.8%, slightly above the expected 2.7%. This indicates that inflationary pressure on the consumption side is still present, although the month-over-month growth has slowed, the year-over-year increase remains moderate.
Core PCE data is even more interesting——month-over-month is also 0.2%, meeting expectations; year-over-year remains steady at 2.8%, exactly in line with expectations. Overall, inflation is not out of control, but it has not shown a significant decline either. Such data are often important references for the Federal Reserve’s policy adjustments, directly influencing future interest rate expectations and subsequently causing chain reactions in the crypto market.