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personal consumption expenditures price index recorded its first monthly decline in six years, and $BTC held its ground alongside domestic equities.
The PCE reading, the Federal Reserve's preferred inflation gauge, conformed to year-on-year expectations, according to the data. Markets post a relief bounce Bitcoin and U.S.
stocks each bounced as the inflation figures landed. The monthly drop in PCE, the first in six years, came alongside a year-on-year reading that met expectations. Both assets recovered from earlier session pressure.
South Korean semiconductor selling clears A rout in South Korean semiconductor shares had weighed on global markets before the PCE release arrived.
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