The United States will release the Personal Consumption Expenditures (PCE) data today at 20:30 Beijing time

ChainCatcher news, the United States will release Personal Consumption Expenditures (PCE) data today at 20:30 Beijing time.

Last week, the Federal Reserve lowered the federal funds rate target by 50 basis points, indicating greater confidence in inflation returning to the 2% target level. There is widespread expectation that the PCE data will provide additional support for this stance. Economists unanimously believe that the month-on-month growth rate of core PCE in August will be close to 0.2%, consistent with the price increases in June and July.