BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC By Cointelegraph

Data from the Personal Consumption Expenditures (PCE) index showed a 0.3% increase in February, down from a 0.5% increase in January. Economists had been forecasting a 0.4% rise, and the PCE data suggests that inflation is gradually decreasing.

Risky assets rose in response to the data, and some analysts expect the Federal Reserve to begin cutting rates by the end of the year. FedWatch Tools shows a 33% probability of a 50 basis point cut by December 2023.