The US core Personal Consumption Expenditures (PCE) data for August is set to be released tonight at 20:30, with expectations for the annual rate to remain steady at 2.9%. The monthly rate is forecasted to decrease slightly to 0.2% from the previous 0.3%. Josh Hutt, a senior economist at Vanguard, highlighted that while inflation is trending positively, it remains elevated. He anticipates a monthly increase of 0.20% for August, down from 0.27% in July, largely due to a reduced impact from rising goods prices. However, Hutt cautions that a single month's data does not establish a trend, despite the evident annual increase in goods prices.