The US PCE price index rose 3.4% year-on-year in August, below the expected 3.7% and the previous reading of 3.7%.

The U.S. core PCE price index rose 3.0% year-on-year in August, below the expected 3.3% and the previous reading of 3.3%.

Following the data release, US stock index futures rallied briefly, with Nasdaq futures up 0.35%, S&P 500 futures up 0.37%, and Dow futures up 0.31%.

Risk Warning and DisclaimerInvesting involves risk; please exercise caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Any investment decisions made based on this information are at your own risk.