US September PCE Price Index to Be Released Tonight

According to BlockBeats, the US September Personal Consumption Expenditures (PCE) Price Index will be released tonight at 20:30 UTC+8. Data from CME's 'FedWatch' tool indicates a 96.1% probability that the Federal Reserve will cut interest rates by 25 basis points in November. Market expectations suggest that the September PCE Price Index will increase by 0.2% month-on-month and 2.1% year-on-year. The core PCE Price Index is anticipated to rise from the previous month's 0.1% to 0.3% month-on-month, while the year-on-year growth rate is expected to slightly slow to 2.6%, marking the lowest level since February 2021.