[U.S. core PCE rose 3.1% year-on-year in September and the Federal Reserve may raise interest rates by 25 basis points in December] On October 29, data released by the U.S. Department of Commerce showed that the U.S. personal consumption expenditures price index rose 3.6% year-on-year in September, and the core personal consumption expenditures price index excluding food and energy prices rose 3.1% year-on-year. Analysts believe that as geopolitical conflicts in the Middle East pushed up international oil prices, rising energy prices drove a rebound in overall inflation in September, and the market focused on whether companies would pass on fuel costs to consumers. Core PCE is the Fed’s most important inflation indicator, and its services sub-item reflects whether domestic price pressures are stubborn. Once this sub-item data rises further, financial markets will be more betting on the Fed raising interest rates by 25 basis points at the interest rate meeting in December this year. (CCTV Finance)