US Core PCE for August Expected at 2.9% Annually, 0.2% Monthly

The US core Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, will be released at 8:30 PM ET tonight, according to BlockBeats.Annual core PCE (YoY): Expected at 2.9%, unchanged from July’s 2.9%.Monthly core PCE (MoM): Expected at 0.2%, down from July’s 0.3%.Josh Hurt, senior economist at Vanguard Group, said inflation is trending in the right direction but remains elevated. He forecasts core PCE will rise 0.20% in August, compared to 0.27% in July.Hurt added that lower contributions from commodity price increases helped ease inflation in the short term, though tariffs and rising commodity prices over the year continue to pose long-term upward pressure.