🚨 BREAKING: August PCE Inflation Falls to 2.2%, Core PCE Inflation Rises to 2.7%
Here’s what the numbers mean and what to expect going forward:👇
🔹 Headline PCE inflation fell to 2.2%, below the expected 2.3% 📉
🔹 Core PCE inflation (which excludes food and energy) rose to 2.7%, in line with expectations 📊
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?
🔹 With the next Fed meeting in November, markets are pushing for a 50 basis point rate cut 📅
🔹 We believe the Fed didn’t need a 50 basis point cut in September and doesn't need another one going forward 🔧
This mixed data may keep the Fed cautious about further rate cuts, but the pressure is building. Stay tuned! #Inflation