Analysis: US PCE is expected to rise in October, but the anti-inflation trend remains unchanged

Odaily Odaily News: Inflationary pressures have declined significantly since reaching a peak two years ago, but the pace of improvement has slowed in recent months. The PCE index is the Fed's preferred indicator for measuring price pressures. The Fed's goal is to keep the PCE inflation rate around 2% in the long run to maintain a healthy economy. According to economists, the PCE price index will rise by 0.20% month-on-month and 2.30% year-on-year in October. The core PCE inflation rate, which excludes volatile food and energy prices, is expected to rise by 0.30% month-on-month and 2.80% year-on-year. Although economists expect both indicators to rise compared with September, analysts believe that price pressures are still improving. Russell Price, chief economist at Ameriprise Financial, pointed out that the higher reading in October "will not undermine the long-term trend." It is worth noting that due to the winter time and Thanksgiving holiday, this PCE data will be released at 21:30 on Wednesday Beijing time, instead of the usual Thursday at 20:00. (Jinshi)