The August PCE report, out Friday, could clarify the Fed’s next rate move ahead of the Nov. 7 FOMC meeting.
by Piero Cingari
Benzinga.com
Market expectations for the Federal Reserve’s next interest rate move could gain more clarity as early as this Friday, when a U.S. government agency releases a key inflation metric closely monitored by policymakers.
The Personal Consumption Expenditure (PCE) price index report, scheduled for release on Friday, Sept. 27, at 8:30 a.m. ET, will provide critical insights into August’s inflation trends.
As the Fed’s preferred inflation gauge, the PCE is seen as a crucial indicator that could influence decisions on whether another rate cut will occur at the next Federal Open Market Committee (FOMC) meeting on Nov. 7.