Live updates: Bitcoin below $84,000 ahead of PCE inflation data, Micron earnings

Traders are waiting for the US PCE price index data for August, due on Wednesday. The data is the Federal Reserve's favored inflation gauge. This comes after a month of oil-driven rate-hike bets that sent 30-year Treasury yields to their highest since 2002, at 5.6206%. The yield has since eased to around 5.55%.

Asian stocks were mostly higher on Wednesday, with Japan's Nikkei 225 jumping 2.2% and China's blue-chip Shanghai Shenzhen CSI 300 adding 0.5%. US stock futures also edged higher in Asian trading. According to Hellenic Shipping News, oil prices were largely steady, around $103 a barrel.

BNY Mellon's Americas Macro Strategist John Velis, as reported by FXStreet, expects the upcoming PCE revision to be a technical adjustment that will not alter the broader US inflation narrative. The revision aims to improve the Fed's preferred gauge by shifting to a labor-based methodology and addressing distortions caused by portfolio management fees.

Brief written by urgent.news from CoinDesk, Hellenic Shipping News, FXStreet — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.