PANews reported on September 26th that, according to Jinshi, CNBC commented that US core PCE inflation remained largely stable in August, which may allow the Federal Reserve to maintain its previously planned pace of interest rate cuts. The US Department of Commerce reported on Friday that the PCE price index rose 0.3% month-over-month in August, bringing the overall annualized inflation rate to 2.7%. The more closely watched core PCE price index, excluding food and energy, rose 0.2% month-over-month, bringing the annualized rate to 2.9%. Although the Fed's inflation target is 2%, these data are unlikely to change the course of policymakers, who stated last week that they expected two more 25 basis point rate cuts before the end of the year.PANews reported on September 26th that, according to Jinshi, CNBC commented that US core PCE inflation remained largely stable in August, which may allow the Federal Reserve to maintain its previously planned pace of interest rate cuts. The US Department of Commerce reported on Friday that the PCE price index rose 0.3% month-over-month in August, bringing the overall annualized inflation rate to 2.7%. The more closely watched core PCE price index, excluding food and energy, rose 0.2% month-over-month, bringing the annualized rate to 2.9%. Although the Fed's inflation target is 2%, these data are unlikely to change the course of policymakers, who stated last week that they expected two more 25 basis point rate cuts before the end of the year.