The US released its core PCE price index for September at 2.7% YoY, in line with expectations of 2.6% and the previous reading of 2.7%. The US core PCE price index for September was 0.3% MOM, in line with expectations of 0.3% and the previous reading was revised up from 0.1% to 0.2%. The PCE inflation index saw its biggest monthly increase since April, supporting the Fed's slowing pace of rate cuts after last month's sharp cut.

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