BlockBeats News, September 26: In the United States, the core PCE inflation in August remained relatively stable, which may lead the Federal Reserve to continue its established pace of interest rate cuts. The U.S. Department of Commerce reported on Friday that the August PCE price index rose by 0.3% on a monthly basis, with an annualized overall inflation rate of 2.7%. The more closely watched core PCE price index, which excludes food and energy, rose by 0.2% on a monthly basis, with an annual rate of 2.9%. Although the Fed’s inflation target is 2%, this data is unlikely to alter policymakers’ stance—they indicated last week that they expect to cut interest rates by 25 basis points twice more before the end of the year. (FX678)
