In September, the U.S. Personal Consumption Expenditures (PCE) price index rose by 0.2% from the previous month, according to the latest data.
In September, the U.S. Personal Consumption Expenditures (PCE) price index rose by 0.2% from the previous month, according to the latest data. Within this measure, goods prices saw a slight decline of 0.1%, while service prices increased by 0.3%. Food prices rose by 0.4%, contrasting with a 2.0% drop in energy prices. When excluding the more volatile food and energy categories, the core PCE price index registered a 0.3% month-over-month increase.
Year-over-year, the PCE price index showed a 2.1% increase for September. This includes a 1.2% decrease in goods prices and a 3.7% rise in services. Food prices were up by 1.2%, while energy costs fell sharply by 8.1%. The core PCE price index, which excludes food and energy, rose 2.7% over the past year, reflecting continued inflation pressures, particularly in the services sector.
Source: U.S. Bureau of Economic Analysis
Markets Balance Between Relief and RiskGlobal markets have begun pricing in a more moderate geopolitical outlook, yet the underlying situation remains unsettled. Diplomatic overtures between the United States and Iran have shown a sense of guarded relief following weeks of heightened anxiety regarding energy flows and critical shipping lanes. Interestingly, the failure of disruptions in the Strait of Hormuz to ignite a total energy crisis has challenged traditional market expectations.
Detail Risk-On Mood Lifts Currencies and Metals (04.15.2026)Markets maintained a risk-on tone as expectations for renewed US–Iran negotiations continued to weigh on the dollar.
Markets shifted toward risk-on sentiment as easing geopolitical tensions and uncertainty around Federal Reserve policy pressured the U.S. dollar. EUR/USD climbed toward 1.18, reaching multi-month highs, while sterling also advanced to a seven-week peak.
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