Odaily Planet Daily News Since peaking two years ago, inflationary pressures have significantly decreased, but the pace of improvement has slowed in recent months. The PCE index is the Federal Reserve's preferred measure of price pressure. The Federal Reserve's goal is to keep the PCE inflation rate around 2% in the long term to maintain a healthy economy. According to economists' forecasts, the PCE price index is expected to rise 0.20% month-on-month and 2.30% year-on-year in October. The core PCE inflation rate, which excludes volatile food and energy prices, is expected to rise 0.30% month-on-month and 2.80% year-on-year. Although economists expect both indicators to rise compared to September, analysts believe that price pressures are still improving. Russell Price, Chief Economist at Ameriprise Financial, pointed out that a higher reading in October 'will not disrupt the long-term trend.' Notably, due to daylight saving time and the Thanksgiving holiday, this PCE data will be released at 21:30 Beijing time on Wednesday, rather than the usual 20:00 on Thursday. (Golden Ten)