September PCE Inflation Data to Be Released Tonight at 23:00
The U.S. September Personal Consumption Expenditures (PCE) price index will be released at 23:00 today, BlockBeats reports. Economists forecast the overall PCE annual rate at 2.8%, up from August's 2.7%, which would mark the highest level since April 2024 if confirmed, while the monthly rate is expected to hold steady at 0.3%. The report's publication was delayed due to a prior government shutdown. Should the data align with forecasts indicating moderating inflation, it may strengthen the case for a December rate cut, whereas an upside surprise could support maintaining the current 3.75%-4% rate range.