US PCE Inflation Data Release Tests Crypto and Stock Markets
Image: CoinGapeThe US August PCE inflation data is scheduled for release on September 30. Pre-market trading saw Coinbase (COIN) and Circle (CRCL) stock prices drop ahead of the report. COIN was testing $190 support, while CRCL hit a 10-day low amid CFO leadership changes. Bitcoin traded around $84,000 early Wednesday, with most major cryptocurrencies under pressure. Markets have already priced in expected inflation remaining above the Fed's 2% target.
Key points
- US August PCE inflation data is scheduled for release on September 30.
- COIN and CRCL stock prices declined in pre-market trading ahead of the PCE release.
- The PCE release is expected to drive volatility for risk assets including crypto stocks and digital assets.
Why it matters
The PCE release is a key Federal Reserve inflation gauge that will shape interest rate expectations, impacting risk assets including crypto stocks and digital assets. Higher expected inflation and rate hikes have already pushed 10-year Treasury yields to 19-year highs.
What's unclear
Expected core PCE year-over-year August rate: CoinGape estimates 3.2% (down from July 3.3%), BeInCrypto estimates 3.4% (up from July 3.3%)
October 2026 Fed rate hike probability: CoinGape reports 65% chance of 25bp hike, BeInCrypto notes bond markets price four additional hikes by June 2027 implying near-certain Octob
Price context · BTC
At publication
$83,391.00
Now
$83,770.00
Change since
+0.45%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
US PCE Inflation Is a Big Test for Stocks, Crypto, and Trump
Coverage timeline
- First reported by CoinGape
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
