Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
Core PCE rose 3.0% from a year earlier, below economists’ forecasts, while the BEA applied retroactive methodology changes to several categories.
- Wall Street's main indexes opened higher on Wednesday, September 30, 2026, as a softer-than-anticipated inflation reading eased fears about Federal Reserve rate hikes; the Dow Jones Industrial Average rose 74.9 points, or 0.15 per cent.
- Consumer prices rose 3.4 per cent year-over-year, according to Wednesday's report, falling short of the 3.7 per cent increase economists expected, easing concerns about Federal Reserve action.
- Both the S&P 500 and Nasdaq Composite posted gains, with the S&P 500 rising 0.24 per cent to 7,688.99 and the Nasdaq Composite climbing 0.36 per cent to 26,892.796.
- Traders pared back bets that the Federal Reserve will raise its main interest rate next month, with market data now indicating just a 35 per cent chance of a hike.
- The 10-year Treasury yield edged down late Tuesday, supporting the broader stock market by making borrowing money more expensive for everyone and slowing the overall economy.
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167 Articles
Cooling Inflation Report Hands GOP a Massive Pre-Election Weapon
Cooling Inflation Report Hands GOP A Massive Midterms Weapon Republicans heading into the midterms just caught their biggest break of the campaign cycle, and they should be “absolutely overjoyed.” That is the verdict from news analyst Tony Katz after the latest Personal Consumption Expenditures (PCE) price index arrived at 0.3% for the month—with core […]
US inflation comes in below expectations in August amid high energy prices linked to Iran war
US inflation in August rose less than expected, potentially easing pressure on the Federal Reserve for rate hike. Consumer spending increased despite rising energy prices linked to the US-Israel conflict. While a rate hike remains possible later this year, current market expectations have softened.
Inflation Figures Ease Pressure on Fed
Inflation is still running hotter than the Federal Reserve wants, but August's numbers demanded a bit softer than Wall Street expected. The Commerce Department said the Fed's preferred gauge, the personal consumption expenditures index, rose 3.4% from a year earlier, versus forecasts of 3.7%, with gas prices behind...
U.S. inflation rises below expectations; consumer spending robust | Honolulu Star-Advertiser
WASHINGTON >> U.S. inflation increased less than expected in August and price pressures were more moderate in July than previously reported, likely reducing the urgency for the Federal Reserve to raise interest rates again in October.
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