Breaking: US PCE Inflation Rises To 3.8%, Bitcoin Extends Decline

Inflation in the U.S. continued to be high in April, putting renewed pressure on risk assets and taking a toll on crypto assets as well. The Federal Reserve’s favored inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, increased notably. The US PCE inflation met the Wall Street analyst expectations from JPMorgan and Goldman Sachs.