Bitcoin Set To Hit $55K While Fed Officials Look At Preferred Gauge PCE After Hot CPI

The U.S. Federal Reserve mandates to bring inflation under the 2% target and the FOMC looks at key economic data such as PCE, CPI, and jobs for monetary policy decisions. Fed officials, economists, and analysts now look at personal consumption expenditures (PCE) as CPI and core CPI came in hotter. While investors reassess monetary policy prospects, The post Bitcoin Set To Hit $55K While Fed Officials Look At Preferred Gauge PCE After Hot CPI appeared first on CoinGape .