[FLASH] August PCE 3.4% y/y, core 3.0%, cooler than feared; stocks mixed into quarter-end, 10y close disputed
The August PCE price index rose 0.3% month over month and 3.4% year over year with core at 3.0%, below the feared print, while consumer spending stayed firm (CNN; Fox Business; Invezz). Stocks closed the quarter mixed - S&P 500 roughly -0.25%, Nasdaq +0.24%, Dow -0.86% - leaving September at about -0.5% for the S&P, -4.3% for the Dow and +1.9% for the Nasdaq. Reported 10-year Treasury closes conflict across feeds (about 5.21% vs 5.29%) after Tuesday's 5.26% cycle high, with CNBC framing a continued bond selloff and BNN Bloomberg an easing; the 10y level remains the main valuation headwind for long-duration AI names.