CoinVoice recently learned that according to Jinshi, the Federal Reserve may not see more signs of inflation relief before deciding whether to cut interest rates again in December. After studying this week's CPI and PPI inflation data, many analysts predict that the Fed's preferred inflation indicator, the PCE price index, will show that excluding the more volatile food and energy categories, core prices rose 2.8% year-on-year in October. This will be another acceleration in growth since September and means that the core PCE annual rate has returned to the level of May.
However, the pain may be temporary. Citi economists expect that the core PCE monthly inflation rate may slow sharply in November. But the November data will not be released until New Year's Eve. [Original link]