September PCE Inflation Reaches 2.8% as Bitcoin Holds Near $92,000

The Bureau of Economic Analysis reported September Personal Consumption Expenditures inflation at 2.8% year-over-year, matching forecasts. Core PCE declined to 2.8% from 2.9%, beating expectations of 2.9%. Bitcoin maintained levels around $92,000 following the release, with markets pricing an 86% probability of a Federal Reserve rate cut at the December 9-10 meeting.