US August PCE Data Shows Inflation Slowdown, Treasury Yields Remain High

The U.S. Bureau of Economic Analysis reported August Personal Consumption Expenditures (PCE) inflation data, showing both headline and core figures were softer than expected. While this initially prompted a brief Bitcoin rally, persistently high Treasury yields, with the 10-year near 5.3%, limited broader market gains. This reflects continued concerns over long-term borrowing costs despite easing inflation signals.