{
  "id": 10981491,
  "title": "Bitcoin steadies as soft PCE cools October Fed rate hike bets",
  "url": "https://urgent.news/2026/09/30/bitcoin-steadies-as-soft-pce-cools-october-fed-rate-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T16:10:36.000Z",
  "source": {
    "name": "The Block",
    "slug": "the-block",
    "url": "https://www.theblock.co/news/markets/2026-09-30-bitcoin-pce-inflation-october-rate-hike-417335"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Core Personal Consumption Expenditures (PCE) Price Index rose 0.2% in August. This was below estimates, with year-on-year core PCE at 3%, down from expected 3.3%. The August PCE inflation figure conflicts between reports at 0.3% and 0.2%. According to The Block, Bitcoin is trading near $83,700. Rising Treasury yields are capping gains.\n\nThe US economic data released also showed a 2.2% growth in the second quarter, exceeding forecasts of 1.5%, and ADP jobs data indicated private companies hired over 90,000 people in September, above 70,000 expected. Following the PCE data release, money markets adjusted their expectations for a Fed rate hike in October. According to FXStreet, the odds of a hold stand at 66%, with nearly 34% chances for a rate hike.\n\nThe softer PCE data has also impacted currency markets, with the Pound Sterling registering solid gains against the US Dollar, up 0.42% to near 1.3280. Several Fed officials had previously delivered hawkish remarks, but the PCE data release caught investors off guard.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "The British Pound catches second wind as soft PCE knocks Fed hike bets",
        "url": "https://urgent.news/2026/09/30/the-british-pound-catches-second-wind-as-soft-pce-knocks-fed-hike-bets",
        "published": "2026-09-30T15:21:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}