The PCE data for August in the United States will be released tonight at 20:30

The PCE price index for August in the United States will be released tonight at 20:30. The market expects the overall PCE to increase by 0.4% month on month and 3.7% year-on-year, while the core PCE is expected to increase by 0.3% month on month and 3.3% year-on-year. Federal Reserve Governor Barr believes that tariffs and the Iran conflict have caused inflation to deviate from the 2% target, and interest rate hikes may still be necessary in the future; New York Fed President Williams predicts that another rate hike may be needed within the year.