Core PCE Holds at 3.0% in August as Consumer Spending Jumps 0.9%
Core PCE inflation held at 3.0% in August while consumer spending jumped 0.9% and the saving rate fell to 4.1%, leaving the Fed a split signal before the October FOMC meeting.
Mitch Strohm
Mitch Strohm is the Managing Editor of PrimeRates.com and a writer, editor and digital marketer based out of Nashville, TN. Working in the industry for well over a decade, he has been the manager editor for several financial sites and has been featured in publications including Business Insider, Bankrate, The Motley Fool and Yahoo Finance.
Treasury Raises Bill Auction Sizes and Will Sell $316 Billion in Two Days
Treasury raised four bill auction sizes on September 24 and will sell $316 billion on Monday and Tuesday, $18 billion more than the same four tenors raised at their most recent sales.
Treasury 5-Year Note Auction Clears 5.033%, Highest Since June 2006
Treasury sold $70 billion of five-year notes at a 5.033% high yield on September 23, the highest since June 2006, with the weakest bid-to-cover since December 2018.
Treasury Bill Yields Jump 17 Basis Points as Fed Opens September Meeting
Treasury sold 13-week bills at 3.970 percent and 26-week bills at 4.060 percent on September 14, a 17 basis point weekly jump, as the FOMC opened its two-day September meeting.
Core CPI Falls to 2.4%, Lowest Since March 2021, as Hike Odds Top 65%
Core inflation cooled to 2.4 percent in August, the lowest since March 2021, but a 0.3 percent monthly gain pushed September Fed hike odds above 65 percent.
Consumer Credit Grew 4.2% in July as Card Balances Hit Record $1.36 Trillion
The Federal Reserve's G.19 release shows consumer credit rose $18.1 billion in July 2026, pushing revolving card balances to a record $1.3572 trillion a week before the September 16 FOMC decision.
Treasury Offers $119 Billion in Notes and Bonds Inside the Fed Blackout
Treasury sells $119 billion of notes and bonds on September 8, 9 and 10 while the Fed observes its pre-meeting blackout. The three-year yields 4.45%.
Beige Book Finds Prices Rising Moderately in 8 of 12 Fed Districts
The Fed's September 2 Beige Book found prices increased moderately in eight of twelve Districts, with the pace unchanged in eight and slower in only three.
Four Reserve Banks Sought a 4% Discount Rate in July, Fed Minutes Show
The Federal Reserve Board disclosed that four Reserve Bank boards asked for a 4 percent discount rate on July 29, double the number that made the request nine days earlier.
Bank Reserves Fall to $2.92 Trillion, the Lowest Level Since April
Reserve balances at the Fed fell to $2.925 trillion in the week ended August 26, the lowest since April, as Treasury cash and portfolio runoff drained the banking system.