Fed’s Favorite Inflation Gauge Hits Target: Rate Cut In October?

TLDR: Rate cut bets jumped to 87.7% after PCE data hit forecasts, boosting confidence that easing could come as early as October. Core PCE held steady at 2.9%, showing no fresh price acceleration and keeping the Fed’s inflation target within reach. Consumer spending stayed balanced, giving policymakers room to ease without risking renewed inflation pressure. [...]

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