Powell has previewed a moderate rise in PCE, which is in line with market expectations.

On September 26, the Fed's most closely watched inflation indicator, PCE, will be released tonight at 20:30, and is expected to remain above the target level. The year-on-year core PCE price index in the U.S. for August was previously 2.9%, with an expectation of 2.9%. Although current inflation priorities have given way to employment data, the market predicts that the overall PCE price index for August will rise by 0.3% month-on-month, while the more closely watched core PCE price index may see a lower month-on-month increase of 0.2%. Fed Chairman Powell had previously hinted at the key expectations of this PCE report during a public event on Tuesday. He stated that the Fed economists' estimates show that the year-on-year increase in the overall PCE price index for the 12 months ending in August will reach 2.7%, higher than the previous month's 2.6%; the year-on-year increase in the core PCE price index will remain at 2.9%, the same as the previous month. (Jin10)