Golden Finance reported that the core PCE annual rate, the inflation indicator favored by the Federal Reserve, rebounded to 2.8% in October as expected, indicating that although prices have slowed, they are still sticky. The annual core PCE rate continues to be closer to 3% rather than 2%, complicating the Fed's upcoming decision. In September, in response to signs of a cooling economy, the Federal Reserve cut interest rates for the first time, starting a rate-cutting cycle. But progress on inflation has stalled in recent months, leaving the possibility that the Fed could pause its rate cuts at two meetings in December or January.