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PCE Inflation Holds at 2.8% as Household Savings Rate Hits 3-Year Low
PCE Inflation Holds at 2.8% as Household Savings Rate Hits 3-Year Low
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BTCCSquare news:
November's PCE inflation reading matched October's 2.8% annual increase, maintaining pressure on the Federal Reserve's 2% target. Core inflation remained stubbornly elevated despite government shutdown distortions.
Real disposable income wobbled (-0.1% in October, +0.1% November) as the personal savings rate collapsed to 3.5% - the weakest since 2022. 'When savings buffers thin, consumers become rate-cut evangelists,' noted one Wall Street strategist.
Crypto markets eyed the data warily, with Bitcoin (BTC) and ethereum (ETH) consolidating near monthly highs. Traders increasingly bet Fed policy error risks could accelerate capital rotation into hard assets.
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