The United States released PCE inflation data today, which will affect market trends and the Trump administration

The United States released PCE inflation data today, with economists expecting overall inflation to be 3.7%, core PCE expected to be 3.3%, and a month on month growth of 0.3%. This data will determine whether the Federal Reserve will raise interest rates again in October. If the reading reaches 0.4% to 0.5%, it will strengthen the expectation of interest rate hikes and suppress Bitcoin and high-risk altcoins. Bitcoin's price was around $84000 on Wednesday morning, putting pressure on most mainstream currencies. This data also poses a political test for US President Trump. (Source: BeInCrypto)