{
  "id": 11089489,
  "title": "Fed path shaped by firm inflation – Societe Generale",
  "url": "https://urgent.news/2026/10/01/fed-path-shaped-by-firm-inflation-societe-generale",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T02:25:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/fed-path-shaped-by-firm-inflation-societe-generale-202610010225"
  },
  "original_language": "en",
  "account": "Societe Generale's Jan Groen examined the August US inflation and growth data, revealing that Core PCE was weaker than anticipated. While the benchmark revisions lowered the measured inflation, it still remained above levels considered consistent with the Federal Reserve's target. Stronger consumption and GDP revisions indicated that the US economy entered the second half of 2026 with more momentum, which could potentially allow for an October rate hike. Despite August's Core PCE undershooting expectations, it was the underlying price pressures in services that proved even less reassuring, signaling that inflation remained firm. Revisions pointed to a higher underlying inflation over the past year, which continues to exceed the Fed's target levels.",
  "summary": "Societe Generale’s Jan Groen reviews August US inflation and growth data, highlighting that Core PCE came in softer than expected but underlying price pressures in services remain firm. Benchmark revisions lowered measured inflation but still show it above levels consistent with the Federal Reserve’s target. Stronger consumption and GDP revisions suggest the US economy entered 2H26 with more…",
  "key_points": [
    "Core PCE weaker than expected, remaining above Fed target",
    "Stronger consumption and GDP revisions indicate economy momentum",
    "Inflation firm despite August's Core PCE undershooting"
  ],
  "editors_take": "Firm inflation readings, despite some weaker data, likely keep the Federal Reserve on a path that could include an October rate hike, according to Societe Generale's Jan Groen.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}