Stock Market Update
26-Sep-25 08:32 ET
Personal income growth ahead of August expectations
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +10.00. Nasdaq futures vs fair value: +16.00.
The S&P 500 futures trade ten points above fair value.
Personal income increased 0.4% month-over-month in August (Briefing.com consensus 0.3%), personal spending increased 0.6% month-over-month (Briefing.com consensus 0.4%), the PCE Price Index increased 0.3% month-over-month (Briefing.com consensus 0.3%), and core PCE inflation, which excludes food and energy, increased 0.2% month-over-month (Briefing.com consensus 0.2%).
On a year-over-year basis, PCE inflation was up 2.7%, versus 2.6% in July, while core PCE inflation was up 2.9%, versus 2.9% in July. The Fed's inflation target is 2.0%.
