Core inflation rate held at 2.9% in August, as expected, Fed's gauge shows
1. Core inflation remains stable, suggesting potential Fed interest rate cuts. 2. Personal consumption expenditures rose 0.6%, indicating consumer spending strength. 3. Fed predicts two more rate cuts before year's end, supporting market optimism. 4. Tariffs have limited impact on consumer prices, easing inflation concerns. 5. Markets expect a rate cut in October, but December views are mixed.