According to DeepFlow TechFlow, on December 5, Jinshi Data reported that a key inflation indicator released by the U.S. Department of Commerce last Friday showed that the inflation rate in September was lower than expected. This report, which was delayed due to a government shutdown, gives the Federal Reserve further green light for interest rate cuts. The core PCE price index, which excludes volatile food and energy prices, rose 0.2% month-over-month and 2.8% year-over-year. The monthly rate met general expectations, but the annual rate was 0.1 percentage points lower than expected. In addition, according to data from the U.S. Department of Commerce’s Bureau of Economic Analysis, overall personal consumption expenditures rose 0.3% month-over-month, and the annual inflation rate was also 2.8%. Both of these figures met expectations. Federal Reserve officials use the PCE price index as the main policy tool for measuring inflation. While officials consider both overall and core data, they generally view core data as a better indicator of long-term inflation trends. The report was delayed by several weeks due to the government shutdown, during which all data collection and economic reporting were suspended.
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