The US August Core PCE data will be released tonight at 8:30 PM, with analysts expecting the PCE data to be relatively moderate.

BlockBeats News, September 26: The US August Core PCE data will be released at 20:30 tonight, with the August Core PCE Price Index YoY preliminary value at 2.9% and an expected value of 2.9%. The MoM preliminary value is 0.3%, with an expected value of 0.2%.

Josh Hirt, Senior Economist at Vanguard Group, stated that inflation is moving in the right direction but remains elevated. He expects the US August Core PCE MoM to increase by 0.20%, lower than July's 0.27%. This "relatively moderate" number is partly due to a smaller contribution from rising commodity prices. The market may see a relatively moderate inflation report, but this should not be interpreted as a sign that tariff pressures are easing or that inflation concerns can be pushed aside. In the long run, tariffs will exert upward pressure on inflation. Although tonight's PCE data may paint a picture of a slowdown in goods inflation, one month of data does not represent a trend. Looking at the entire year, the significant increase in commodity prices is already apparent. (FXStreet)