According to BlockBeats news, on October 31, the US September PCE price index will be released at 20:30 tonight. According to CME “Fed Watch” data, the probability of the Federal Reserve cutting interest rates by 25 basis points in November is 96.1%.
The market expects that the PCE price index in September will increase by 0.2% month-on-month and 2.1% year-on-year. The core PCE price index is expected to increase month-on-month to 0.3% from the previous value of 0.1%, while the year-on-year growth will slow slightly to 2.6%. The lowest level since February 2021.