$BTC CPI and core CPI are both higher than expected, indicating that inflation has increased compared to last month. This reinforces the Federal Reserve's current stance and does not improve the prospects for further rate cuts in the near future. Remember, PCE data is the Federal Reserve's primary inflation indicator. On the other hand, GDP grew by 1.4%, significantly below expectations. This somewhat offsets the negative inflation data, as it suggests that the U.S. economy is growing at a slower pace than anticipated. If GDP data surpasses expectations and is combined with these PCE inflation figures, it could lead to worse outcomes for the asset markets.