September's PCE numbers just dropped—headline inflation ticked up to 2.8%, matching what analysts called. Core PCE? Actually came in softer at 2.8%, under the 2.9% forecast.

Here's the kicker: this is the highest headline read we've seen since October last year. But guess what? The Fed's still gonna cut rates. They're locked in at this point.

Markets already pricing this in, but worth watching how risk assets react over the next few sessions.