Inflation Revision Doesn't Actually Show Price Relief -- Market Talk

1051 ET - The downward revision in inflation from the August PCE report was driven by how its measured rather than how it's trending, meaning consumers aren't actually feeling any additional price relief, Fifth Third Commercial Bank's Bill Adams says in a note. The gap between current inflation and the Fed's target is glaring, Adams says. The report doesn't capture the boost to spending power from capital gains, which are giving affluent Americans a big leg-up but doing little for people living paycheck-to-paycheck, he says. That helps explain why consumer confidence just fell to a 12-year low, Adams says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

September 30, 2026 10:51 ET (14:51 GMT)