美国8月PCE物价数据未出现明显反弹

Core Insights - The core PCE price index for the U.S. in August remained steady at an annual rate of 2.9%, with a monthly rate also unchanged at 0.2% [2] - The overall PCE price index annual rate increased slightly from 2.6% to 2.7%, while the monthly rate rose from 0.2% to 0.3% [2] - The latest PCE and core PCE data indicate that the risk of inflation rebound in the U.S. economy is not as severe as previously feared, suggesting that the primary concern is the risk of economic downturn rather than inflation [2] Economic Outlook - The Federal Reserve is expected to focus more on the employment market rather than inflation when making monetary policy decisions based on the recent economic data [2] - Future interest rate cuts by the Federal Reserve are anticipated, although the extent and pace of these cuts will be cautious [2] - Despite showing resilience, the U.S. economy exhibits signs of fatigue in the manufacturing and employment sectors, leading to ongoing concerns about the economic outlook [2]