Analyst Predicts Slight Increase In Core PCE Inflation For September

According to Odaily, analyst Paul Ashworth stated in a report that considering today's CPI report, the core PCE inflation indicator for September might accelerate from 0.1% in August to 0.2%. However, the annualized rate is expected to be only slightly above the Federal Reserve's 2% target. The PCE data will be released at the end of the month. Additionally, tomorrow's PPI report will help adjust expectations. Ashworth mentioned that if his prediction is accurate, the pace of inflation decline would support a more cautious approach by the Federal Reserve in reducing interest rates by 25 basis points early next month.