On the 29th local time, data released by the US Department of Commerce showed that in September, the US personal consumption expenditure price index rose 3.6% year on year, and the core personal consumption price index after excluding food and energy prices rose 3.1% year on year. Analysts believe that due to the geographical conflict in the Middle East driving up international oil prices, the rise in energy prices led to a rebound in overall inflation in September, and the market is concerned about whether companies will pass on fuel costs to consumers. The core PCE is the inflation indicator that the Federal Reserve values the most. Its service sector segment reflects whether domestic price pressure is stubborn. Once this segment data rises further, the financial market will bet more on the Fed raising interest rates by 25 basis points at the interest rate meeting to be held in December this year.

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