At 20:30 Beijing time on Thursday, the United States will release the September PCE price index. Forecasts indicate that the overall inflation rate will continue to decline, partly due to falling gasoline prices.
The market expects the September PCE price index to rise by 0.2% month-on-month and by 2.1% year-on-year. The core PCE price index is expected to increase from the previous value of 0.1% to 0.3% month-on-month, while the year-on-year growth rate is expected to slightly slow to 2.6%, the lowest level since February 2021.
Russell Price, Chief Economist at American Express Financial, stated, "Overall, the trend is downward, but the Federal Reserve has a long way to go to achieve its goals."
The PCE price index is the Federal Reserve's preferred measure of price changes. Price expects the overall PCE inflation rate for September to be 2.1%, and the core PCE inflation rate to be 2.7%, which is largely in line with market consensus.
