September PCE figures just dropped, landing exactly where markets expected.

Headline PCE came in at 0.3% month-over-month and 2.8% year-over-year—matching forecasts to the decimal. The core reading (which strips out volatile food and energy prices) showed 0.2% monthly growth and held steady at 2.8% annually, again in line with predictions.

No surprises this time around. The Fed's preferred inflation gauge continues its gradual cooldown, though it's still running above the 2% target. Worth watching how this influences rate expectations heading into Q4, especially with risk assets like crypto already pricing in a softer landing scenario.