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Global Daily: Youngstown on the Ruhr

29 September 2025 8:48 RaboResearch

US equity markets rallied and short-end yields fell on Friday following a benign PCE price index report for the month of August. Both headline and core PCE printed in-line with expectations at 2.9% and 2.7% respectively, but month-on-month disinflation for both durable and non-durable goods saw core inflation fall on a monthly basis for a second straight month and perhaps calmed some market nerves over the impact of tariffs on inflation.

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more