Analysts predict that core PCE will rise 2.8% year-on-year in October

According to Odaily Planet Daily, the Federal Reserve may not see more signs of easing inflation before deciding whether to cut interest rates in December. Analysts predict that the core PCE price index will rise 2.8% year-on-year in October.

This would be another acceleration since September, meaning that the core PCE annual rate has returned to the level of May. However, Citi economists expect that the core PCE monthly inflation rate may slow significantly in November, but the data will not be released until New Year's Eve.