The preferred inflation indicator of the Federal Reserve remains high in October, and the decision to cut interest rates will become more complicated

Odaily Planet Daily News: The core PCE annual rate, which is favored by the Federal Reserve as an inflation indicator, rebounded to 2.8% in October as expected, indicating that although prices have slowed down, they still have stickiness. The core PCE annual rate continues to approach 3% instead of 2%, making the decision that the Federal Reserve is about to make even more complex. In September, as a response to signs of economic cooling, the Federal Reserve cut interest rates for the first time, ushering in a cycle of rate cuts. But in recent months, progress on inflation has stagnated, making it possible for the Federal Reserve to pause interest rate cuts at its two meetings in December or January next year. (Golden Ten)