Newsletter
Global Daily: Youngstown on the Ruhr
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.


