PCE report reveals cooling inflation in August—are more rate cuts on the horizon?

Inflation in the US continued its downward trend in August, latest data has shown, providing hope for additional interest rate cuts by the Federal Reserve. The Personal Consumption Expenditures (PCE) price index, the Fed’s favored measure of inflation, rose by just 2.2% year-over-year, down from 2.5% in July. This is the lowest inflation rate since […]