The Federal Reserve is taking a cautious approach to future interest-rate cuts due to persistent US inflation.
In October, the personal consumption expenditures price index, excluding food and energy, is expected to increase by 0.3% compared to September, resulting in a year-over-year rise of 2.8%. This projected increase would be the largest since April, indicating ongoing price pressures in the economy.
The Fed is closely monitoring these inflation figures, which may influence their decisions in the coming months as they continue to face challenges in controlling price growth.