Personal Consumption Expenditures - Price Index (MoM): 0.2, 10s -6bp · desk brief, Wed 26 Aug 2026
Treasuries (close 2026-08-25): 2s 4.17% (-7.0bp), 10s 4.64% (-6.0bp), 30s 5.17% (-6.0bp).
Tape (close 2026-08-25): VIX 15.45, 2s10s +47bp.
Narrative: US core PCE inflation expected to remain stubbornly high, urging the Fed to hike rates
What mattered:
• Personal Consumption Expenditures - Price Index (MoM): 0.2
• US data buoys dollar as Fed hike expectations nudged higher
• Fed Can Avoid Hiking on Cooler Data, Economist Roth Says
• U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.
• US core PCE inflation expected to remain stubbornly high, urging the Fed to hike rates