The September PCE price index will be released tonight, and the probability of the Fed cutting interest rates by 25 basis points in November is 96.1%
On October 31, the US September PCE price index will be released at 20:30 tonight. According to CME "Fed Watch" data, the probability of the Fed cutting interest rates by 25 basis points in November is 96.1%.
The market expects that the September PCE price index will rise by 0.2% month-on-month and 2.1% year-on-year. The core PCE price index is expected to rise from 0.1% in the previous month to 0.3%, and the year-on-year growth rate will slow slightly to 2.6%, the lowest level since February 2021.
