[Analysis: Bitcoin May Benefit from a More Accommodative Interest Rate Environment as U.S. Inflation Eases Rate Hike Pressure] According to The Block, analysts believe that Bitcoin may benefit from a more accommodative interest rate environment as U.S. inflation eases rate hike pressure. Data shows that the overall U.S. PCE price index rose 0.3% month-on-month and 3.4% year-on-year in August; the core PCE price index rose 0.2% month-on-month and 3.0% year-on-year. The U.S. August Personal Consumption Expenditures (PCE) price index came in below market expectations, reducing market expectations for another Federal Reserve rate hike in October, which could provide support for Bitcoin and other risk assets. Brendan Ma, Head of Investment Strategy at the Arbitrum Foundation, stated that the 0.2% month-on-month increase in core PCE is a positive signal for the Federal Reserve. If the September CPI data continues a similar trend, the pressure on the Federal Reserve to raise rates in October will be further alleviated.