PCE in Line with Expectations, Bitcoin Tanks, Tariff Fears Rising

Inflation fears are somewhat subsiding this morning after January PCE, the fed's preferred measure of inflation, was in-line with expectations and somewhat lower than previous months by some measures. Elsewhere Bitcoin continues to selloff as markets are deleveraging and Tariff fears are rising as President Trump has reiterated that tariffs on China, Mexico, and Canada will be implemented as planned on March 4th.

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