đš BREAKING: August PCE Inflation Falls to 2.2%, Core PCE Inflation Rises to 2.7%
Hereâs what the numbers mean and what to expect going forward:đ
đč Headline PCE inflation fell to 2.2%, below the expected 2.3% đ
đč Core PCE inflation (which excludes food and energy) rose to 2.7%, in line with expectations đ
While headline inflation is trending down, core inflation remains elevated, signaling that underlying price pressures persist.
The question remains: Is the fight against inflation really over?
đč With the next Fed meeting in November, markets are pushing for a 50 basis point rate cut đ
đč We believe the Fed didnât need a 50 basis point cut in September and doesn't need another one going forward đ§
This mixed data may keep the Fed cautious about further rate cuts, but the pressure is building. Stay tuned! #Inflation