Fed's Favorite Inflation Indicator Surges In September As Soaring Energy Costs Drags Americans' Savings Rate To 4-Year Lows

Thursday, Oct 29, 2026 - 08:15 AM
Following the hot CPI and PPI (and the internals), this morning's PCE should not provide too many surprises with expectations for the headline price Index to rise a significant 0.5% MoM in September (accelerating notably after deflating for the first time since COVID in June).

And sure enough, headline PCE rose 0.5% as expected, pulling the price index up 3.6% YoY - highest since May...