According to ChainCatcher news, analysts at Capital.com, led by Kyle Rodda, expect the U.S. core PCE year-on-year rate for August to be recorded at 2.9%, indicating that inflation is still on a stable track and above the Fed's target of 2%. The market is closely monitoring the impact of service and goods inflation on the data, with service inflation being a key driver of rising prices, while goods inflation shows signs of recovery. The interest rate market believes there is a 90% chance that the Fed will cut rates in November and a 75% chance in December. If the core PCE year-on-year rate rises above 3%, it may raise doubts among investors about the Fed's ability to cut rates.
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