Analyst: Expected inflation data will make the Federal Reserve pay more attention to employment.

B. Riley Wealth analyst Art Hogan said that the PCE inflation report did not show any surprises, and the Federal Reserve will be able to continue cutting rates as planned. The data showed that the year-on-year index for August rose from 2.6% to 2.7%, with the core index remaining at 2.9%, both in line with expectations. Hogan pointed out that this data "will allow the Fed to continue focusing on its full employment goal, thus providing room for rate normalization." The employment report for September will be released next Friday.