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

Inflation pressures have fallen significantly since peaking two years ago, but the pace of improvement has slowed in recent months. The PCE index is the Fed's preferred measure of price pressures. The Fed's goal is to keep PCE inflation around 2% over the long term to maintain a healthy economy. Economists expect the PCE price index to rise 0.20% month-on-month and 2.30% year-on-year in October. Core PCE inflation, which excludes volatile food and energy prices, is expected to rise 0.30% month-on-month and 2.80% year-over-year. While economists expect both measures to rise compared with September, analysts believe price pressures are still improving. Russell Price, chief economist at Ameriprise Financial, noted that October's higher reading "doesn't undermine the long-term trend." It is worth noting that due to winter time and the Thanksgiving holiday, the PCE data will be released at 21:30 Beijing time on Wednesday instead of the usual 20:00 Thursday. (Golden Ten)