Just In: US PCE Inflation Rises to 2.4%, Crypto Market Braces for Impact

Quick Summary:

US economic data for November 2024 showed steady growth in key metrics, with the PCE inflation index increased by 0.1% month-over-month and 2.4% year-over-year.

Excluding food and energy, the core PCE index rose by 0.1% monthly and 2.8% annually.

Personal income increased 0.5 percent or $71.1 billion in the month compared to the prior month.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaUnited States

Topics: CPI 24/7 Cryptocurrency News Inflation Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 13:55:19 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 241 words

Reading Time: 2 minutes read

Sentences: 46 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24568313

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #59

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