How Hedera reacted to the Personal Consumption Expenditures on 22 January 2026

The short answer

Hardly a reaction. In the 15 minutes after the figure came out, Hedera's price swung 1.17 times as much as in a normal 15 minutes that day. For a PCE release, 1.51 times is usual. An hour later the price was 0.24% higher.

1.17x

Quiet

Trading (volume ratio)
2.51x
usual for PCE: 1.80x
Price at 10:00 AM
$0.107740
15 minutes later
+0.13%
One hour later
+0.24%
range 1.56%, hour before 1.18%
HBAR/USDT, 1 minute candles around the release, 10:00 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
0.110010
Close
0.108870
24h change
-1.05%
24h high
0.111300
24h low
0.106860
24h volume
100.326M HBAR

The release

Released by the Bureau of Economic Analysis on 22 January 2026 at 10:00 AM EST. The Personal Consumption Expenditures came in at 0.2% for October 2025, against 0.3% in September 2025. Prices are still rising, but more slowly 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.

Measured by Clometrix

Hedera's volatility ratio was 1.17x, against 1.51x for a typical PCE release since 2021. Its volume ratio was 2.51x, against a typical 1.80x. Under 1.5x is not a reaction at all: the market barely noticed this release. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Hedera moved

Hedera was at $0.107740 when the figure came out. Fifteen minutes later it was 0.13% higher, and an hour later 0.24% higher. Its high-to-low range in the hour after was 1.56% of its price, against 1.18% in the hour before.

What made it matter

Since 2021, PCE releases in the two weeks before a Fed decision have moved Hedera about as much as those at other times: a median volatility ratio of 1.41x across 18, against 1.56x across 51. This one came out 6 days before the Federal Reserve's 28 January rate decision. Its own ratio of 1.17x compares with 1.41x for those, so it moved the price less than its circumstances would suggest.

How it compares

Across 69 PCE releases since 2021, Hedera's usual price swing is 1.51x. This one was 0.78 times the usual.

MutedOrdinaryStrongExceptional

Thin line: PCE's usual, 1.51x. Thick line: this release, 1.17x. Under 1.5x counts as no reaction at all.

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 0.10784 0.10758 0.10783 0.08% 0.24% 0.07% 246,154 HBAR
5 minutes 0.10797 0.10749 0.10787 0.12% 0.44% 0.33% 1.005M HBAR
10 minutes 0.10797 0.10749 0.10788 0.13% 0.44% 0.53% 1.517M HBAR
15 minutes 0.108 0.10749 0.10788 0.13% 0.47% 0.71% 1.905M HBAR
30 minutes 0.10805 0.10697 0.10704 -0.65% 1.00% 1.17% 4.876M HBAR
1 hour 0.10854 0.10686 0.108 0.24% 1.55% 1.17% 8.618M HBAR
2 hours 0.10893 0.10686 0.10859 0.78% 1.90% 2.17% 13.612M HBAR
4 hours 0.10917 0.10686 0.10799 0.23% 2.12% 3.23% 21.912M HBAR
6 hours 0.10917 0.10686 0.10806 0.30% 2.12% 3.46% 30.548M HBAR
8 hours 0.11104 0.10686 0.10799 -2.82% 3.76% 1.55% 54.405M HBAR
12 hours 0.10944 0.10686 0.10887 1.04% 2.36% 3.46% 46.914M HBAR

Every coin at this release

Coin Price swing Usual for PCE Reaction
Bitcoin 2.17x 2.06x Ordinary
Ethereum 1.86x 1.79x Ordinary
XRP 1.02x 1.70x Quiet
BNB 1.86x 1.78x Ordinary
Solana 1.78x 1.58x Ordinary
Dogecoin 1.51x 1.51x Ordinary
TRON 1.37x 1.42x Quiet
Cardano 1.84x 1.88x Ordinary
Chainlink 1.50x 1.61x Ordinary
Sui 1.02x 1.52x Quiet
Bitcoin Cash 1.34x 1.67x Quiet
Hedera 1.17x 1.48x Quiet
Avalanche 1.23x 1.55x Quiet
Litecoin 1.85x 1.64x Ordinary
Gram 1.03x 1.29x Quiet
Shiba Inu 1.68x 1.74x Ordinary
Uniswap 1.02x 1.48x Quiet
Polkadot 1.01x 1.49x Quiet
Aave 1.42x 1.57x Quiet
Bittensor 1.18x 1.68x Quiet
NEAR Protocol 0.00x 1.37x Quiet
Aptos 1.02x 1.70x Quiet
Internet Computer 1.99x 1.50x Strong
POL (prev. MATIC) 1.30x 1.56x Quiet
Filecoin 1.02x 1.50x 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.

Every PCE release for Hedera

Questions about this page

Is 1.17x a lot?

No. Under 1.5x the market barely noticed the release.

Will the next PCE do the same?

Nobody can say. A forecast shows the range Hedera moved in after past PCE releases, so you can plan for the likely size of the move.

More questions ยท Glossary

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.