
🚨🇺🇸 Rate-hike odds fell after core PCE came in below expectations at 3.0% YoY vs. 3.3% expected. Both the monthly and annual readings came in below expectations, but July was revised down to 3.0%, leaving the annual core PCE rate unchanged. At 3.0%, core PCE remains a full percentage point above the Fed’s 2% target, keeping inflation elevated despite the softer August data. 📍 https://t.co/g6XyxDyNf6
