Core PCE data for August supports gradual easing, the pace of Fed rate cuts will remain unchanged.

CNBC commentary pointed out that the core PCE inflation in the United States remained stable in August, which may lead the Fed to continue with its planned rate cuts. The US Department of Commerce reported on Friday that the August PCE price index rose 0.3% month-on-month, with an annualized overall inflation rate of 2.7%. The more closely watched core PCE price index, which excludes food and energy, rose 0.2% month-on-month, with an annualized rate of 2.9%. Despite the Fed's inflation target of 2%, these data are unlikely to change policymakers' stance - they had indicated last week that they expect two more 25 basis point rate cuts before the end of the year.