According to Odaily, the Federal Reserve's preferred PCE inflation indicator experienced its largest monthly increase since April, supporting the Fed's decision to slow down the pace of rate cuts after a significant reduction last month. The core PCE price index in the United States rose by 0.3% in September, with the annual PCE price index at 2.1%, the lowest level since early 2021, slightly above the Fed's 2% target. Consumer spending, adjusted for inflation, increased by 0.4%, supported by a 0.1% rise in real income. The savings rate dropped to 4.6%. The data released tonight concludes a month of unexpected upward trends in major economic reports, which may indicate that the Federal Reserve will adopt a cautious approach to rate cuts in the coming months. The market widely expects the Fed to implement a second rate cut in November, following the first rate cut in September.