CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-12-20 14:11:57

US Economic Data for November 2024 Shows Steady Growth, PCE Up 0.1% MoM

The post US Economic Data for November 2024 Shows Steady Growth, PCE Up 0.1% MoM appeared first on Coinpedia Fintech News US economic data for November 2024 showed steady growth, with the PCE inflation index rising 0.1% month-over-month and 2.4% year-over-year. The core PCE index, excluding food and energy, increased by 0.1% monthly and 2.8% annually. Personal income increased 0.5 percent or $71.1 billion in the month compared to the previous month. Meanwhile, DPI increased 0.3 percent or $61.1 billion. Notably, the slight rise in the PCE price index indicates low inflation, which may lead the Federal Reserve to maintain current policies. This stability could reduce cryptocurrency volatility, as fewer economic surprises could minimize market shocks.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.