The Bureau of Economic Analysis (BEA) released delayed Personal Income and Outlays report, publishing October and November PCE inflation data together. Headline PCE was reported at 0.2% month-over-month for both months, with year-over-year figures at 2.7% and 2.8% for October and November, respectively. Core PCE mirrored this pattern. Bitcoin's reaction was muted, trading between approximately $88,454 and $90,283 and closing near $89,507, a slight increase. The data quality is a key factor, as the BEA used patched inputs due to disruptions. The PCE data is constructed from multiple sources, with CPI as an important input. The market's reaction reflects uncertainty, as traders await clearer data before making significant policy bets.

The Bureau of Economic Analysis (BEA) released delayed Personal Income and Outlays report, publishing October and November PCE inflation data together. Headline PCE was reported at 0.2% month-over-month for both months, with year-over-year figures at 2.7% and 2.8% for October and November, respectively. Core PCE mirrored this pattern. Bitcoin's reaction was muted, trading between approximately $88,454 and $90,283 and closing near $89,507, a slight increase. The data quality is a key factor, as the BEA used patched inputs due to disruptions. The PCE data is constructed from multiple sources, with CPI as an important input. The market's reaction reflects uncertainty, as traders await clearer data before making significant policy bets.