The US personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose 0.3% in August, with a 12-month increase of 3.4%, both below economists' expectations. Core inflation, excluding food and energy, increased 0.2% monthly and 3.0% annually, also lower than forecasted. Despite these softer inflation numbers, personal income and spending grew by 0.2% and 0.9% respectively, both above expectations and still well above the Fed's 2% target. Energy prices, especially gasoline, were major contributors to the August price rise. These mixed signals suggest the Fed may continue raising interest rates in upcoming meetings to manage inflation.
The Fed's preferred inflation gauge showed core inflation at 3.0% annually in August. For readers following US stocks, here is Pluang's market snapshot as of Sep 30, 2026 18:52 WIB: out of 150 priced US stocks, 78 rose and 57 fell. Notable movers include GME at USD 24.15 with a 1-day change of +1.64%, ASX at USD 44.62 down 1.52%, and SNAP at USD 5.43 up 1.50%.
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