Total PCE Inflation Gets Closer To The Fed's 2% Target

1. September PCE inflation fell to 2.1%, nearing Fed's 2% target. 2. Core PCE inflation remained steady at 2.7%, indicating persistent pressures. 3. Lower inflation may pave the way for gradual Fed interest rate cuts. 4. CPI inflation also decelerated to 2.4%, the lowest since February 2021. 5. FOMC projections expect further easing in interest rates through 2026.