<p>JPMorgan Chase's Chief U.S. Economist Michael Feroli stated that if it shows a potential trend of breaking through 3%, then he believes things will become very complicated. He was referring to the core PCE index, which excludes food and energy. In September, this data rose by 2.7% year-on-year, and economists expect that the October data, to be released later this month, will show the index rising to 2.8%</p>

<p>JPMorgan Chase's Chief U.S. Economist Michael Feroli stated that if the core PCE index exceeds 3%, it will complicate the situation. In September, the index rose 2.7% year-on-year, and the October data is expected to rise to 2.8%</p>

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