US core PCE inflation for February was reported at 3% year-on-year and 0.4% month-on-month, aligning with market expectations and reducing uncertainty. According to NS3.AI, Bitcoin's price stabilized after previously reaching approximately $73,000. Investors are exercising caution regarding Federal Reserve rate-cut expectations for the year. Mohamed El-Erian emphasized that CPI data this week holds greater significance for markets than PCE, especially in light of fluctuating oil prices.
