The U.S. core PCE price index in August rose 2.9% year-on-year, in line with expectations, unchanged from the previous value
In August, the core PCE price index in the United States increased by 2.9% year-on-year, in line with expectations and unchanged from the previous value. The overall PCE price index rose by 2.7% year-on-year, also meeting expectations. Following the data release, U.S. stock futures showed little volatility, with the Nasdaq 100 index futures rising by about 0.3%. The U.S. dollar index slightly declined, currently reported at 98.33, and the 10-year Treasury yield fell to 4.158%. Spot gold increased by about $6, currently reported at $3755.53 per ounce
On the 26th, Friday, the U.S. Bureau of Economic Analysis released data showing:
- The U.S. August PCE price index year-on-year is 2.7%, expected 2.7%, previous value 2.6%.
- The U.S. August core PCE price index year-on-year is 2.9%, expected 2.9%, previous value 2.9%.
Market Reaction
After the data was released, U.S. stock futures showed little short-term volatility, with the Nasdaq 100 index futures maintaining an increase of about 0.3%. The U.S. dollar index slightly dipped, currently reported at 98.33.
The U.S. 10-year Treasury yield dipped in the short term, currently reported at 4.158%. Spot gold surged about $6 in the short term, currently reported at $3755.53 per ounce.
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