Fed Inflation Metric Soars To Three Decade High, What It Means For Bitcoin

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The U.S. Personal Consumption Expenditure (PCE) core price index has soared to its highest level since 1992, stoking inflation fears. Some say Bitcoin, with its fixed supply of 21 million tokens, will resist inflation. But is there any truth to that? Source: @lisaabramowicz1 on Twitter.com Is Hyperinflation On The Way? The PCE measures price changes in consumer goods and services exchanged in the U.S. economy. Along with the Consumer Price Index (CPI), the PCE is used by the Fed to make monetary policy. However, when compiling the PCE, the Bureau of Economic Analysis excludes food and energy costs because they are deemed too volatile. Some critics argue that this policy underestimates the true cost of living. “A measure of prices that people living in the United States, or those buying on their behalf, pay for goods and services. It’s sometimes called the core PCE price index, because two categories that…

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