AI Data Insight
US Q3 (August 2026) personal consumption expenditures reached $22.3085 trillion, a slight increase of 0.26% from the previous month, representing a more moderate gain than the market expectation of 0.8%. Although external news indicates strong consumption growth, authoritative data reflects stable momentum, and the core PCE inflation YoY rate dropped significantly to 3.0%, below consensus. Supported by easing price pressures and a stable labor market, it is expected that the Federal Reserve will hold rates steady in the short term, which is favorable for the valuation recovery of risk assets.