---
title: US September PCE core inflation +0.5% m/m vs +0.3%
description: "Treasuries (close 2026-10-28): 2s 4.67% (-3.0bp), 10s 5.05% (+6.0bp), 30s 5.37% (+7.0bp). Tape (close 2026-10-28): VIX 16.91, 2s10s +38bp."
source: Helious
canonical: "https://helious.io/news/brief-2026-10-29/us-september-pce-core-inflation-0-5-m-m-vs-0-3-expected-10s"
---

Daily brief
              29 Oct 2026, 21:05 UTC



# US September PCE core inflation +0.5% m/m vs +0.3% expected, 10s +6bp

Thu 29 Oct 2026



            Treasuries (close 2026-10-28): 2s 4.67% (-3.0bp), 10s 5.05% (+6.0bp), 30s 5.37% (+7.0bp).

Tape (close 2026-10-28): VIX 16.91, 2s10s +38bp.

Narrative: Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.

What mattered:

- US September PCE core inflation +0.5% m/m vs +0.3% expected
- Gross Domestic Product Price Index: 2.2
- ECB open to hiking rates in December if inflation outlook doesn't improve - report
- Strong US inflation and growth will keep Fed on a tightening path
- Fed holds, Warsh hedges, and traders dial back the tightening






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