Core PCE Below Expectations Year-over-Year, Bitcoin Briefly Breaks $85,000 Before Pulling Back

Odaily reports that Bitcoin News posted on X platform stating that August core PCE rose 0.2% month-over-month and 3.0% year-over-year, below the 3.3% forecast by The Wall Street Journal; headline inflation rose 0.3% month-over-month and 3.4% year-over-year. Bitcoin briefly broke above $85,000 before pulling back; the U.S. 10-year Treasury yield briefly dropped to around 5.20%, then rebounded to around 5.28%.