July Core PCE Could Have Looked Worse, Keeping Hike Convo Alive -- Market Talk

1055 ET - The core PCE inflation index came in at 0.24552%, a level that will likely keep officials cautious about the inflation outlook. "The topline narrowly missed a 0.3% increase which will keep the hawks on the FOMC squawking and discussion of a rate hike in play going forward," wrote Joe Brusuelas, chief economist at RSM. The BEA rounded the core PCE reading to 0.2%, but some market participants use data feeds that extend several digits to the right of the decimal point-making it unlikely the agency's rounding convention will impact their view of how hot the number was. Treasury yields ticked up after the report was released. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

August 26, 2026 10:55 ET (14:55 GMT)