Analyst: U.S. PCE inflation expectations will support the Federal Reserve to continue cutting interest rates by 25 basis points

ChainCatcher news, analyst Paul Ashworth said in a report that considering today's CPI report, the core PCE inflation indicator for September may accelerate from 0.1% in August to 0.2%, but the annualized rate "will only be slightly above the Fed's 2% target." PCE data will not be released until the end of the month, and in addition, tomorrow's PPI report will help adjust expectations. Ashworth stated that if his prediction is correct, the pace of inflation (decline) "will support the Fed's more cautious rate cut of 25 basis points early next month." (Jin Ten)