Overview

• August PCE rose 0.3% month over month and 2.7% year over year, with core up 0.2% on the month and 2.9% on the year, according to the BEA.
• U.S. equities traded mixed after the release, with the Dow and S&P posting modest gains, the Nasdaq edging lower, and energy shares leading as Boeing outperformed and Apple slipped.
• President Trump announced new import duties that include a 100% levy on many pharmaceuticals, 50% on kitchen cabinets, 30% on upholstered furniture, and 25% on heavy trucks, with implementation starting next week.
• Crude prices climbed about 2%, with WTI near 66.31 dollars and Brent around 70.66, as traders assessed risks tied to the Russia–Ukraine conflict.
• Mexico’s S&P/BMV IPyC rose roughly 0.55% toward record levels, bolstered by a larger August trade surplus.