**[U.S. August Core PCE Annual Rate May Record 2.9%, Inflation Pressure Still Above Fed Target]** (Capital.com) Analyst Kyle Rodda expects the U.S. August Core Personal Consumption Expenditures (PCE) Price Index annual rate to reach 2.9%, indicating that inflation remains above the Federal Reserve's 2% target. The market is closely monitoring the specific performance of service and goods inflation, with service inflation still being the primary driver of price increases, while goods inflation may show signs of a rebound. Interest rate market data indicates a 90% probability of a Fed rate cut in November and 75% in December. However, if the Core PCE annual rate exceeds 3%, it may heighten market doubts about the Fed's ability to cut rates.