Bitcoin Rises After U.S. PCE Inflation Data Meet Forecasts

Dow Jones21:21

1320 GMT - Bitcoin rises after a key U.S. inflation measure came in line with expectations. The core personal consumption expenditures price index--the Federal Reserve's preferred inflation gauge--rose 3.4% year-on-year in May, as forecast by economists in a WSJ survey. The data comes as oil prices fall to prewar levels and are expected to reduce inflationary pressures. Separate U.S. data showed lower-than-expected weekly jobless claims of 215,000 while the third estimate of first-quarter gross domestic product was revised up to an annual rate of 2.1% from 1.6% previously. Durable goods fell 4.5% in May, more than expected. Bitcoin rises to $61,598 from $61,032 before the data, LSEG data show.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 25, 2026 09:21 ET (13:21 GMT)

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