The Federal Reserve faces a showdown moment, with the PCE monthly rate expected to register 0.3%, unchanged from the previous value.

ME News, December 5 (UTC+8) — As this Friday’s key time point approaches, Wall Street’s attention is collectively focused on the upcoming release of the September Personal Consumption Expenditures (PCE) Price Index. As the Federal Reserve’s most favored inflation gauge, this report is not only the first official inflation reading since late September, but is also regarded as the “anchor” for whether the US stock market can break its recent volatility and establish a future trend. Several institutions, including FactSet, predict that the overall annual PCE rate is expected to record 2.8%, a slight rebound from August’s 2.7%. If this forecast comes true, it will be the highest level since April 2024. The monthly PCE rate is expected to record 0.3%, unchanged from the previous value. Excluding food and energy, the core annual PCE rate is expected to record 2.9%, unchanged from the previous value; the core monthly PCE rate is expected to record 0.2%, also unchanged from the previous value. (Source: MetaEra)