US Core PCE Inflation Data (October 31, 2024)
Core Inflation Rate: Unchanged at 2.7% in September, compared to 2.6% expected.
Overall PCE Inflation: Yearly inflation decreased to 2.1% in September, down from 2.2% in August, aligning with market expectations.
Monthly Expectations: Core PCE was anticipated to rise by 0.3% month-over-month and 2.6% year-over-year.
Fed Rate Outlook: Markets expect a 25 basis point rate cut at the next Federal Reserve meeting.
Impact of Data: Previously released quarterly PCE data may lessen the significance of the monthly figures.
