U.S. core inflation steadies at 3%
There was a larger-than-expected slowdown in U.S. inflation during August 2026, as the core Personal Consumption Expenditures (PCE) Price Index, which excludes food and energy, registered a 3% annual rate and a 0.2% monthly increase. Additionally, the overall PCE Price Index rose by 0.3% month-over-month and 3.4% year-over-year, both below expectations that anticipated a 0.3% monthly increase and 3.7% annual growth. The data indicate that inflation is progressing at a slower pace than analysts had forecast, which could influence the Federal Reserve's decisions regarding monetary policy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)