TechFlow, Sept 26 — According to Jinshi Data, core PCE inflation in the US remained largely stable in August, which may allow the Federal Reserve to maintain its previously set pace of rate cuts. The US Department of Commerce reported on Friday that the PCE price index rose 0.3% month-on-month in August, translating to an annualized overall inflation rate of 2.7%. The core PCE price index, excluding food and energy, increased 0.2% month-on-month, with an annualized rate of 2.9%. Although the Fed's inflation target is 2%, these figures are unlikely to alter policymakers' stance—they indicated last week that they expect two more 25-basis-point rate cuts by year-end.
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