September PCE price index is released tonight, the probability of the Fed cutting interest rates by 25 basis points in November is reported at 96.1%.

On October 31, the U.S. PCE price index for September will be released at 20:30 Singapore time, according to CME FedWatch data, the probability of the Fed cutting interest rates by 25 basis points in November is 96.1%. The market expects the September PCE price index to rise 0.2% YoY and 2.1% Y/Y. The core PCE price index is expected to grow at a rate of 0.3% YoY from the previous 0.1%, while the Y/Y growth rate slowed down slightly to 2.6%, the lowest level since February 2021, according to the CME FedWatch data.