The core PCE of the United States in August was lower than expected, and the Federal Reserve's interest rate hike in October is betting on cooling down

The core PCE price index in the United States rose 3% year-on-year and 0.2% month on month in August, both lower than market expectations. Personal expenses in the United States increased by 0.9% month on month in August, with actual personal expenses growing by 0.6%. After the data was released, traders lowered their bets on the Federal Reserve raising interest rates in October. CME's "Federal Reserve Watch" showed a 52.9% probability of keeping interest rates unchanged in October. The yield of US two-year treasury bond bonds fell more than 5 basis points to 4.843%, while spot gold rose more than $20 and stood at $4210. BEA has adjusted the calculation method for some PCE components.