BlockBeats News, November 27th, after reaching a peak two years ago, inflationary pressures have significantly eased, but the pace of improvement has slowed in recent months. The PCE index is the Fed's preferred gauge of price pressures. The Fed's goal is to keep the PCE inflation rate at around 2% over the long run to maintain a healthy economic state.
According to economists' expectations, the October PCE price index is expected to rise by 0.20% month-on-month and 2.30% year-on-year. The core PCE inflation rate, which excludes more volatile food and energy prices, is expected to increase by 0.30% month-on-month and 2.80% year-on-year.
Although economists expect both of these indicators to rise compared to September, analysts believe that price pressures are still improving. Russell Price, Chief Economist at Ameriprise Financial, pointed out that the higher readings in October "will not disrupt the long-term trend."
It is worth noting that due to Daylight Saving Time and the Thanksgiving holiday, this PCE data will be released on Wednesday at 21:30 Beijing time instead of the usual Thursday at 20:00.
