According to a CNBC commentary, core PCE inflation in the United States remained largely stable in August, potentially allowing the Federal Reserve to maintain its previously planned pace of interest rate cuts. The U.S. Commerce Department reported Friday that the PCE price index rose 0.3% month-over-month in August, bringing the overall annualized rate to 2.7%. The more closely watched core PCE price index, excluding food and energy, rose 0.2% month-over-month, bringing the annualized rate to 2.9%. While the Fed's inflation target is 2%, these figures are unlikely to change policymakers' course, having indicated last week that they expected two more 25 basis point rate cuts before the end of the year.