Wu Blockchain (@WuBlockchain): The U.S. announced that the core PCE price index for September was 2.7% YOY, in line with expectations of 2.6% and the previous value of 2.7%. The U.S…
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The U.S. announced that the core PCE price index for September was 2.7% YOY, in line with expectations of 2.6% and the previous value of 2.7%. The U.S. core PCE price index for September was 0.3% MOM, in line with expectations of 0.3%, and the previous value was revised from 0.1% to 0.2%. PCE inflation index has seen the largest monthly increase since April, supporting the Fed's slowing pace of interest rate cuts after a sharp cut last month.