Macro Reaction

US PCE inflation (Personal Income and Outlays) · 114 releases since 2017

Bitcoin PCE Reaction: BTC After the Fed's Preferred Inflation Gauge

BTC typically moves 0.56% in the first hour after US PCE inflation (Personal Income and Outlays), about 1.1× a normal hour, and that first move has reversed by +4h in 36% of releases.

Next release: · Personal Income and Outlays, September 2026 data

The interactive explorer needs JavaScript. The full table of every release is below.

Average path after the release

average movemiddle 50% of releasesaverage size of move (either direction)filtered average, for comparisonmost recent releaseZoomed to the average line, so the spread band runs off the edges. Choose "Show full spread" to see all of it.

Distribution of moves

Each bar counts releases whose move fell in that range. Tails are grouped at the edges.

Every selected release

Click a row to chart that release · click a column to sort

At a glance

The PCE price index, published by the Bureau of Economic Analysis in the monthly Personal Income and Outlays report at 8:30am New York time, is the Federal Reserve's preferred inflation gauge. It usually lands after CPI and PPI, so much of it is already expected.

Releases tracked
114
2017-01-30 → 2026-09-30
BTC avg first-hour move
0.56%
1.1× a typical hour
First-hour move reversed by +4h
36%
BTC, n=114 · ETH 37%
BTC higher after 1 day
54%
median +0.14%

Summary

Asset / horizonMedian move% upAvg absolute moven
Bitcoin (BTC) +1h-0.15%42%0.56%114
Bitcoin (BTC) +4h+0.01%52%1.24%114
Bitcoin (BTC) +1d+0.14%54%2.59%114
Bitcoin (BTC) +7d+1.46%56%6.58%114
Ethereum (ETH) +1h-0.17%40%0.74%107
Ethereum (ETH) +4h-0.12%48%1.51%107
Ethereum (ETH) +1d+0.32%55%2.83%107
Ethereum (ETH) +7d+1.18%60%7.15%107
GBP/USD next noon NY fix+0.01%51%0.41%114
GBP/USD +7d+0.03%53%0.95%114

Every past release

BTC/ETH: Bitstamp BTC/USD and ETH/USD price at the exact release minute vs +1h/+4h/+1d/+7d. "Reversed?" = the +4h move has the opposite sign to the +1h move. GBP/USD: first Federal Reserve H.10 noon New York fix after the release vs the last fix before it (for 8:30am ET US releases this is the same day's noon fix). Click a date for the official release.

Release (UK time)BTC +1hBTC +4hReversed?BTC +1dBTC +7dETH +1hETH +4hGBP/USD next noon NY fix
Source ↗+1.50%+0.40%no-0.04%-0.55%+0.74%-0.57%+0.42%
Source ↗-0.83%-0.82%no+1.08%-2.24%-1.08%-0.87%-0.36%
Source ↗-0.09%+0.02%yes-1.74%-0.52%+0.15%+0.04%+1.32%
Source ↗+0.22%-2.22%yes-2.23%+0.44%+0.42%-3.08%+0.43%
Source ↗-0.30%-0.33%no-0.06%-13.73%-0.00%+0.60%+0.05%
Source ↗-0.23%+0.01%yes+1.89%+6.20%-0.40%-0.21%+0.64%
Source ↗-0.24%+1.17%yes+1.30%+4.84%-0.30%+1.10%+0.03%
Source ↗-0.32%-0.27%no+1.53%-1.76%-0.34%-0.13%+0.40%
Source ↗-0.66%-1.12%no-1.04%-2.30%-0.91%-2.04%+0.44%
Source ↗-0.43%-2.28%no-1.27%+1.59%-0.62%-3.40%-0.23%
Source ↗+0.07%+0.39%no+0.15%+10.24%+0.27%+1.98%+0.40%
Source ↗+0.13%-1.67%yes-1.67%+2.05%+0.55%-0.76%-0.04%
Source ↗-0.32%+0.01%yes-2.61%-1.77%-1.05%-1.24%-0.41%
Source ↗-0.44%+0.12%yes+0.11%+1.56%-1.08%-0.64%-0.25%
Source ↗+0.07%-0.83%yes-1.65%-1.55%+0.03%-0.95%-0.16%
Source ↗-0.52%-1.34%no+1.30%+2.08%-1.54%-1.96%-0.40%
Source ↗-0.03%-1.71%no-3.46%-3.35%+0.03%-1.27%-0.16%
Source ↗+1.38%+4.34%no+4.62%+10.80%+1.95%+5.25%-0.29%
Source ↗-0.14%+0.14%yes-2.51%-6.79%+0.18%+1.22%-0.05%
Source ↗+1.44%+3.72%no+2.96%+2.72%+3.40%+6.49%+0.45%
Source ↗+0.76%+2.27%no+1.59%+2.01%+0.11%+2.11%+1.04%
Source ↗-0.19%-2.24%no-2.86%+4.02%-0.44%-3.23%-1.20%
Source ↗+0.27%+0.95%no+0.27%-5.97%-0.00%+1.69%-0.25%
Source ↗-0.00%-2.52%no-0.73%-6.16%+0.23%-2.70%-0.41%
Source ↗+0.11%+0.45%no+1.45%-4.27%-0.34%+0.29%-0.16%
Source ↗-0.50%-1.57%no-1.14%-9.84%-0.56%-1.77%-0.10%
Source ↗+0.20%-2.35%yes-1.29%+4.89%-0.09%-1.81%-0.01%
Source ↗-0.71%-0.88%no-2.06%-7.92%-0.66%-0.49%-0.16%
Source ↗+0.23%-0.87%yes+0.22%-4.65%+0.04%-1.23%+0.02%
Source ↗+1.70%-0.88%yes+0.58%+7.50%+0.81%-1.00%-0.30%
Source ↗-0.05%+1.39%yes+1.34%+4.61%-0.03%+0.98%+0.16%
Source ↗-0.52%-0.05%no+0.11%-2.13%+0.03%+1.30%+0.41%
Source ↗-0.38%-0.54%no+1.35%+14.24%-0.63%-0.45%-0.39%
Source ↗+0.73%+0.12%no+0.65%+1.07%+0.85%+0.03%+0.31%
Source ↗+0.21%-0.37%yes-0.01%+2.74%+0.13%-0.13%-0.07%
Source ↗-0.21%-1.85%no-4.25%-5.58%-0.25%-1.74%-0.46%
Source ↗+0.01%+0.34%no+0.16%-0.41%-0.11%+0.33%+0.00%
Source ↗+0.05%-2.94%yes-1.49%-3.01%+0.42%-1.87%+0.73%
Source ↗+0.10%+1.41%no+1.07%+2.62%+0.17%+0.90%+0.14%
Source ↗+0.02%-0.61%yes-0.04%-0.54%-0.19%-1.14%+0.89%
Source ↗+1.23%+1.66%no+1.76%-0.08%+1.38%+1.67%+0.01%
Source ↗-0.66%-3.17%no-3.59%-6.34%-0.41%-2.95%-0.57%
Source ↗-0.22%+0.88%yes-0.01%+2.52%-0.19%+1.41%+0.07%
Source ↗-0.23%+0.02%yes-0.08%-2.13%-0.35%-0.12%+0.18%
Source ↗-0.61%-0.97%no-0.67%-1.79%-1.17%-1.01%+2.42%
Source ↗+1.13%+2.57%no+3.07%+1.92%+2.66%+4.07%-0.01%
Source ↗-1.13%+1.72%yes-1.05%+2.81%-1.16%+1.52%+0.78%
Source ↗+2.29%-3.29%yes-5.06%-5.46%+3.11%-4.22%-0.21%
Source ↗-0.24%+0.05%yes+2.06%-1.10%-0.05%-0.59%+0.47%
Source ↗+0.53%+0.28%no+0.57%+6.81%+0.40%+1.36%+0.09%
Source ↗+0.62%-0.94%yes-0.24%+2.78%+0.43%-2.22%+0.25%
Source ↗+0.18%-0.06%yes-0.94%-7.65%+0.09%-0.55%+0.98%
Source ↗-0.25%-2.78%no-5.12%-7.39%-0.35%-3.62%+0.02%
Source ↗-0.29%-0.47%no-0.55%+5.56%-0.65%+0.45%+0.35%
Source ↗+1.94%+1.59%no+4.05%+4.21%+1.98%+3.46%+0.24%
Source ↗-0.40%+0.88%yes+4.58%-2.68%-0.58%+0.99%+0.49%
Source ↗-0.92%-0.11%no+3.83%+1.37%-2.02%-1.57%-0.42%
Source ↗-0.50%+2.26%yes+0.22%-0.14%-0.36%+2.29%-0.85%
Source ↗-0.80%-0.44%no+0.17%+14.97%-1.07%-0.37%+0.76%
Source ↗-0.36%+1.77%yes+3.04%+5.90%-0.23%+2.55%+0.42%
Source ↗+0.05%+0.50%no+7.19%+5.60%-0.02%-0.02%-0.38%
Source ↗-1.42%-4.13%no-4.67%-1.29%-1.57%-4.02%-0.06%
Source ↗+0.21%-1.42%yes-4.98%-2.56%+0.85%-2.01%+0.11%
Source ↗+0.67%+4.42%no+6.24%+3.74%-0.06%+0.01%-0.85%
Source ↗-0.23%+1.60%yes+2.38%+12.26%+0.33%+2.32%+0.52%
Source ↗+1.40%+3.62%no+3.08%+4.15%+2.99%+5.44%-1.12%
Source ↗+1.97%-3.52%yes-9.42%+1.36%+0.33%-1.89%-0.03%
Source ↗-1.06%-1.45%no-2.87%+17.19%-1.43%-2.14%+1.21%
Source ↗-0.43%-1.78%no-10.28%-0.23%-0.70%-1.89%+0.21%
Source ↗-0.25%+1.33%yes+4.11%+16.08%-0.21%+0.18%+0.33%
Source ↗-0.08%-3.00%no-3.64%-2.22%-0.17%-3.69%-0.15%
Source ↗-0.39%+0.29%yes-0.14%-9.37%-0.45%+0.80%+0.85%
Source ↗-0.63%+0.62%yes+4.09%+4.47%-0.47%-0.45%+0.75%
Source ↗-0.12%-0.66%no-0.52%-1.03%-0.36%-1.10%-0.56%
Source ↗-0.14%-0.12%no+0.82%+2.35%-0.14%+0.17%-0.04%
Source ↗-0.94%-1.75%no+0.52%+4.95%-0.86%-2.15%+1.39%
Source ↗-0.97%-0.76%no-6.33%+4.95%-1.35%-0.43%+1.81%
Source ↗-0.98%-0.42%no-0.39%+5.30%-0.80%+0.19%-0.76%
Source ↗-0.32%+0.40%yes+0.98%+5.37%-0.30%+0.69%+0.68%
Source ↗-0.10%-0.05%no-0.57%+0.21%-0.40%-0.33%+0.02%
Source ↗-0.92%+3.87%yes+2.53%+4.49%-0.51%+3.72%+0.24%
Source ↗-0.72%-1.17%no-2.14%-2.14%-0.57%-0.89%+0.52%
Source ↗+0.28%+0.05%no+1.20%+1.81%+0.04%+0.11%-0.25%
Source ↗+0.02%+0.09%no+0.16%+14.16%-0.20%-0.10%-0.25%
Source ↗-0.47%+1.04%yes+2.49%+21.98%-0.31%+1.09%-0.72%
Source ↗-1.90%+0.36%yes+1.39%-5.41%-1.31%+0.50%+0.24%
Source ↗+1.26%+1.62%no+3.42%-4.04%+1.96%+2.05%+0.01%
Source ↗+0.07%+0.41%no+1.52%+9.69%+0.41%+1.48%-0.05%
Source ↗+0.14%+0.07%no+0.13%+22.66%+0.54%+0.36%-0.43%
Source ↗+0.07%+0.58%no+0.02%+1.72%+0.16%+1.86%-0.39%
Source ↗-1.15%-1.93%no-5.40%-11.10%-1.67%-4.17%+0.25%
Source ↗+0.89%+1.52%no-6.77%-12.82%+0.93%+1.78%+0.18%
Source ↗-0.46%-0.29%no-0.43%+1.87%-1.76%-1.89%-0.15%
Source ↗+0.35%+0.42%no-0.90%-1.11%+0.89%+0.75%-0.39%
Source ↗-0.69%-0.39%no+0.72%-6.89%-0.27%+0.40%-0.07%
Source ↗-0.54%-1.42%no-3.62%-9.77%-0.04%-0.46%-0.11%
Source ↗-0.34%+0.37%yes+9.51%+12.30%-0.76%+0.75%+0.78%
Source ↗-0.47%-0.28%no-2.38%+1.90%-1.18%-0.44%-0.05%
Source ↗+0.06%+0.01%no-3.85%+0.41%-0.62%-1.40%-0.25%
Source ↗+0.08%+0.13%no-6.99%-10.87%+0.06%+0.88%-0.57%
Source ↗+0.80%+0.45%no+2.79%-8.28%+0.66%+0.32%-0.28%
Source ↗+0.72%+0.24%no-4.00%-31.48%+1.58%+0.05%-0.97%
Source ↗-4.03%+5.25%yes+18.72%+11.90%-6.91%+8.10%+0.05%
Source ↗-0.33%-0.01%no+12.70%+59.86%+0.23%+1.15%+0.52%
Source ↗+0.93%-0.65%yes+1.78%+21.26%+0.40%-0.20%+0.66%
Source ↗-0.29%+0.61%yes+1.81%+4.91%-1.09%-0.59%-0.25%
Source ↗+0.23%+0.96%no+3.13%-1.63%+0.65%+0.37%-0.36%
Source ↗-0.16%-2.47%no+0.82%+26.24%––+0.08%
Source ↗-0.60%-0.40%no-1.72%-0.32%––+0.08%
Source ↗-0.32%-2.20%no-3.27%+25.43%––+0.49%
Source ↗+0.34%+2.80%no+7.59%+16.10%––-0.16%
Source ↗-0.20%+2.83%yes+4.96%+14.28%––+0.38%
Source ↗+0.74%+0.89%no+2.34%+0.03%––-0.88%
Source ↗+0.13%+0.23%no+3.89%+11.47%––-0.42%

BTC/ETH: Bitstamp price at the exact release minute; +5m to +4h use 5-minute candle opens, +24h and +1w use 1-minute opens; the path beyond +4h is interpolated from hourly candle opens. "× typical" compares the move with the average move over the same window starting at the same UTC hour on all days. GBP/USD: Federal Reserve H.10 noon New York fix. Click a release date for the official release.

FAQ

How does Bitcoin react to PCE inflation?

Across 114 scheduled US PCE inflation (Personal Income and Outlays) releases since 2017 with Bitstamp data, BTC's median move in the first hour was -0.15% and the average absolute first-hour move was 0.56%, about 1.1× a typical hour at the same time of day. The first-hour direction had reversed by +4 hours in 36% of cases. BTC was higher one day later 54% of the time. Historical data only, not a forecast.

What time is it released in the UK?

Release date from ALFRED (St. Louis Fed); BEA releases at 08:30 ET. The most recent release was at Wed 30 Sep 2026 13:30 UK time.