The PCE data in the United States cooled down in August, and Brendan Ma said that the 0.2% month on month increase in core PCE is a positive signal

The overall PCE price index for August in the United States increased by 0.3% month on month and 3.4% year-on-year; The core PCE price index increased by 0.2% month on month and 3.0% year-on-year, which is lower than market expectations. Brendan Ma, head of investment strategy at the Arbitrarum Foundation, stated that a 0.2% month on month increase in core PCE is a positive signal for the Federal Reserve. If the September CPI data continues a similar trend, the pressure for the Fed to raise interest rates in October will ease. (Source: The Block)