Expectations for a significant additional rate cut at the November FOMC meeting are increasing, influenced by the PCE.

September 27, 2024, 11:54 PM GMT+9

Following the PCE price index for personal consumption expenditures (PCE) in August released on the 27th, where the inflation rate slowed to near 2% targeted by the Federal Reserve, expectations are rising for another significant 50 basis point rate cut at the next November meeting.
The PCE price index for personal consumption expenditures (PCE) in August, announced by the U.S. Department of Commerce on the 27th, rose by 2.2% compared to the previous year, down from 2.5% the previous month.
This is consistent with the remarks made by Fed Chair Powell about the PCE outlook at the press conference following the FOMC meeting last week on the 18th.