Personal Consumption Expenditure (PCE) Price Index

Macroeconomics, Industries and Politics
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Fed’s favorite inflation gauge (core PCE) came in 0.2%, below 0.3% estimate

  • PCE rose 0.3% in August, in line with estimates.
  • On a yearly basis, PCE rose 3.4%, below 3.7% estimate.
  • Core PCE rose 0.2% on the month and 3.0% y/y, both below 0.3% and 3.3% estimates.
  • Inflation-adjusted personal spending rose 0.6% in August from a month earlier, the biggest monthly jump since March 2025.
  • July PCE was revised to 3.4% from 3.7%.
  • Both S&P 500 and Nasdaq-100 futures jumped 0.4% following the report.
U.S. Stock Market Developments