{
  "id": 10939310,
  "title": "Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected",
  "url": "https://urgent.news/2026/09/30/feds-preferred-gauge-showed-core-inflation-at-3-0-in-august-much",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T12:36:28.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/09/30/feds-preferred-gauge-showed-core-inflation-at-3point0percent-in-august-much-lighter-than-expected.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus. However, core inflation came in at 3.0% in August.\n\nThe US Dollar and Treasury yields retreated as traders trimmed bets on another Federal Reserve interest-rate hike in October following less hawkish remarks from New York Fed President John Williams. Markets now see a 43% chance of an October rate hike, down from around 70% earlier in the week.\n\nEconomists had expected the core PCE Price Index to rise 0.3% month-on-month in August, up from 0.2% in July, with headline PCE inflation forecast to rise 0.4% month-on-month.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Australia inflation stubbornly high in August, defying run of rate hikes",
        "url": "https://urgent.news/2026/09/30/australia-inflation-stubbornly-high-in-august-defying-run-of-rate",
        "published": "2026-09-30T02:54:36.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Australia's August inflation rises to 4.0%, slightly below expectations",
        "url": "https://urgent.news/2026/09/30/australias-august-inflation-rises-to-4-0-slightly-below-expectations",
        "published": "2026-09-30T04:33:22.000Z"
      },
      {
        "outlet": "The Conversation AU",
        "title": "Inflation lifts to 4.0% in August, keeping pressure on the RBA for another rate rise",
        "url": "https://urgent.news/2026/09/30/inflation-lifts-to-4-0-in-august-keeping-pressure-on-the-rba-for",
        "published": "2026-09-30T05:32:29.000Z"
      },
      {
        "outlet": "ABC News AU",
        "title": "Banks raise interest rates after RBA lifts cash rate to highest since 2011",
        "url": "https://urgent.news/2026/09/30/banks-raise-interest-rates-after-rba-lifts-cash-rate-to-highest-since",
        "published": "2026-09-30T07:46:20.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Cost of building inflation for August 2026 increases to 4.6% – GSS",
        "url": "https://urgent.news/2026/09/30/cost-of-building-inflation-for-august-2026-increases-to-4-6-gss",
        "published": "2026-09-30T07:54:49.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "US core PCE inflation set to rise in August, pressuring the Federal Reserve",
        "url": "https://urgent.news/2026/09/30/us-core-pce-inflation-set-to-rise-in-august-pressuring-the-federal",
        "published": "2026-09-30T08:30:00.000Z"
      },
      {
        "outlet": "Hellenic Shipping News",
        "title": "Spain’s bunker volumes rise 9% on the year in August",
        "url": "https://urgent.news/2026/09/30/spains-bunker-volumes-rise-9-on-the-year-in-august",
        "published": "2026-09-30T10:00:45.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "Building construction inflation rises to 4.6% in August 2026",
        "url": "https://urgent.news/2026/09/30/building-construction-inflation-rises-to-4-6-in-august-2026",
        "published": "2026-09-30T10:38:13.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected",
        "url": "https://urgent.news/2026/09/30/feds-preferred-gauge-showed-core-inflation-at-3-0-in-august-much-10939332",
        "published": "2026-09-30T12:36:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}