According to CoinMeta, Truflation called for the Federal Reserve to cut interest rates after making predictions in PCE. According to data from the Bureau of Economic Analysis, the PCE price index rose by 0.2% month-on-month in July, with the annual inflation rate remaining at 3.7%. Truflation predicts that the core PCE will remain at 3.3%. Truflation, the person in charge of the data, Oliver Rust, stated that weakened household demand, mixed employment data, and falling gasoline prices provide grounds for lowering borrowing costs. Rust believes that a turning point has been reached that requires the Federal Reserve to cut interest rates.