September's core PCE just dropped: +0.20% monthly.

Year-over-year? We're sitting at 2.8%. That's down from August's 2.9%, but interestingly matches exactly where we were in September 2024.

Here's what caught my attention: the 3-month annualized rate hit 2.7%. The 6-month? Also 2.7%.

What does this mean? Inflation's cooling, but not dramatically. We're in this weird zone where the Fed has to balance policy without overcorrecting. Markets hate uncertainty, and this data? It's the definition of "steady but unspectacular."

For crypto traders watching macro signals, this kind of stability might actually be good news—no shock moves from central banks anytime soon.