The Federal Reserve is facing a showdown, and the PCE monthly rate is expected to remain unchanged at 0.3%.

Odaily Planet Daily reports that with this crucial Friday approaching, Wall Street's attention is focused on the upcoming September Personal Consumption Expenditures (PCE) price index. As the Federal Reserve's preferred inflation indicator, this report is not only the first official inflation reading since late September, but is also seen as a crucial indicator of whether the US stock market can break out of its recent volatile pattern and establish its future direction. Several institutions, including FactSet, predict that the overall PCE annual rate will reach 2.8%, a slight rebound from August's 2.7%. If this prediction comes true, it will be the highest level since April 2024; the PCE monthly rate is expected to reach 0.3%, unchanged from the previous value. The core PCE annual rate, excluding food and energy, is expected to reach 2.9%, unchanged from the previous value; the core PCE monthly rate is expected to reach 0.2%, unchanged from the previous value. (Golden Ten)