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[Core PCE Data May Influence Federal Reserve's Monetary Policy Path] Before the release of the core inflation indicator closely watched by the Federal Reserve—the U.S. Personal Consumption Expenditures (PCE) data—the U.S. dollar exchange rate fell. Hargreaves Lansdown analyst Emma Wall stated that the core PCE data holds significant importance for the Federal Reserve's December meeting. If inflation data exceeds expectations, the Federal Reserve may keep interest rates unchanged; if the data meets or falls below expectations, it could pave the way for a rate cut.