The release
Released by the Bureau of Economic Analysis on 29 September 2023 at 8:30 AM EDT. The Personal Consumption Expenditures came in at 0.3% for August 2023, against 0.1% in July 2023. Prices are rising faster than before.
It arrived at the same moment as Personal Income and Outlays and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.
How NEAR Protocol moved
NEAR Protocol was at $1.110 when the figure came out. Fifteen minutes later it was unchanged, and an hour later unchanged. Its high-to-low range in the hour after was 0% of its price, against 0% in the hour before.
Measured by Clometrix
NEAR Protocol's volume ratio was 2.55x, against a typical 1.95x. Its volatility ratio could not be measured: the price barely moved through the rest of the day, so there is no ordinary quarter hour to compare against. The ratio compares the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change.
What made it matter
Since 2021, PCE releases in the two weeks before a Fed decision have moved NEAR Protocol less than those at other times: a median volatility ratio of 1.02x across 18, against 1.52x across 49. This one was not within two weeks of a Fed decision.
Its record
Across 67 PCE releases since 2021, NEAR Protocol's median volatility ratio is 1.37x.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 1.11 | 1.11 | 1.11 | 0.00% | 0.00% | 0.00% | 10,852 NEAR |
| 5 minutes | 1.11 | 1.11 | 1.11 | 0.00% | 0.00% | 0.00% | 52,163 NEAR |
| 10 minutes | 1.11 | 1.11 | 1.11 | 0.00% | 0.00% | 0.00% | 72,295 NEAR |
| 15 minutes | 1.11 | 1.11 | 1.11 | 0.00% | 0.00% | 0.00% | 77,885 NEAR |
| 30 minutes | 1.11 | 1.11 | 1.11 | 0.00% | 0.00% | 0.00% | 98,909 NEAR |
| 1 hour | 1.11 | 1.11 | 1.11 | 0.00% | 0.00% | 0.00% | 162,229 NEAR |
| 2 hours | 1.11 | 1.10 | 1.10 | -0.91% | 0.90% | 0.00% | 413,274 NEAR |
| 4 hours | 1.11 | 1.10 | 1.11 | 0.00% | 0.90% | 0.90% | 877,188 NEAR |
| 6 hours | 1.11 | 1.10 | 1.11 | 0.00% | 0.90% | 1.79% | 1.138M NEAR |
| 8 hours | 1.11 | 1.10 | 1.11 | 0.00% | 0.90% | 1.79% | 1.585M NEAR |
| 12 hours | 1.13 | 1.10 | 1.12 | 0.89% | 2.65% | 1.79% | 2.024M NEAR |
Every coin at this release
| Coin | Price swing | Usual for PCE | Reaction |
|---|---|---|---|
| Bitcoin | 1.35x | 2.03x | Quiet |
| Ethereum | 1.77x | 1.77x | Ordinary |
| XRP | 6.37x | 1.81x | Exceptional |
| BNB | 2.24x | 1.75x | Ordinary |
| Solana | 1.57x | 1.57x | Ordinary |
| Dogecoin | 4.08x | 1.52x | Exceptional |
| TRON | 1.76x | 1.43x | Ordinary |
| Cardano | 1.37x | 1.90x | Quiet |
| Chainlink | 1.34x | 1.62x | Quiet |
| Sui | 2.63x | 1.53x | Strong |
| Bitcoin Cash | 1.79x | 1.69x | Ordinary |
| Hedera | 1.00x | 1.51x | Quiet |
| Avalanche | 1.33x | 1.55x | Quiet |
| Litecoin | 1.46x | 1.64x | Quiet |
| Shiba Inu | 1.99x | 1.75x | Ordinary |
| Uniswap | 0.99x | 1.49x | Quiet |
| Polkadot | 3.01x | 1.50x | Exceptional |
| Aave | 1.48x | 1.58x | Quiet |
| NEAR Protocol | Not measured | 1.43x | - |
| Aptos | 1.97x | 1.73x | Ordinary |
| Internet Computer | 2.96x | 1.50x | Strong |
| POL (prev. MATIC) | 1.47x | 1.60x | Quiet |
| Filecoin | 1.00x | 1.51x | Quiet |
What is the Personal Consumption Expenditures?
Personal consumption expenditures (PCE) is a measure of the prices people in the United States pay for goods and services. PCE accounts for about two-thirds of domestic spending and is a significant driver of gross domestic product (GDP). An estimated total of personal consumption expenditures (PCE) is compiled by the Bureau of Economic Analysis as one way to measure and track changes in the prices of consumer goods over time.Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.