US Core PCE hits 3.6% in August as expected, other figures mixed, dollar remains pressured

The US Core Personal Consumption Expenditure (Core PCE) has risen by 3.6% YoY in August, as expected. On a monthly basis, Core PCE has advanced by 0.3%, a tad below 0.4% projected. The indicator is the Federal Reserve’s preferred measure of inflation. 

Personal Income increased by 0.2% compared with 0.3% projected while Personal Sepnding jumped by 0.8%, exceeding estimates – yet on top of a downward revision for July. 

The US dollar is under pressure as the market mood improved. S&P 500 futures point to a positive open in Wall Street, an upswing compared with the status earlier in the day. US 10-year Treasury yields are changing hands around 1.50%, little changed.

The next significant release on the docket is the ISM Manufacturing Purchasing Managers’ Index, which serves as the first hint toward next week’s Nonfarm Payrolls.