Analysts: US PCE continues to be above target, Fed's prospects for September rate cuts face challenges
Source: Binance
Time: 2025-08-29 22:13:02
According to Kingshin data, market analyst Matt Grossman pointed out that the Fed's favored inflation indicator failed to reach its 2% target in July, which poses a challenge to the Fed's possible rate cut in September. Data from the U.S. Department of Commerce showed that the PCE price index rose 2.6% annually in July, and the core PCE price index rose 2.9% year-on-year. Despite the price increase above target levels, Fed Chairman Powell suggested that the Fed is considering the first rate cut this year in September, given the cooling of the labor market.