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The US core PCE price index for July recorded a 2.9% year-on-year increase, in line with expectations.

By: theblockbeats.news|2025/08/29 13:02:19

BlockBeats News: On August 29, the US July Core PCE Price Index YoY was 2.9%, hitting a new high since February 2025. Expectation was 2.90%, with a previous value of 2.80%. (FX168)

Point of View: Ethereum Price Action Shows Weakness But Has Not Peaked Yet, Merely in a Seasonal Trend

After the release of the US PCE data, traders still expect the Fed to cut interest rates in September.