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Massive Setback For Crypto Ahead Of US PCE Report

Ukraine seizes $19,500 from crypto wallet dedicated to supporting Russian forces

Massive Setback For Crypto Ahead Of US PCE Report

The US Personal Consumption Expenditure (PCE) report is due on Friday, March 1. Ahead of the report, the crypto market was hit by a massive setback due to a delay in the anticipated rate cuts by the Federal Reserve. According to analysis by Jim Bianco, President and Macro Strategist at Bianco Research, Fed is unlikely to introduce rate cuts before September this year.