US Markets
US Markets Highlights — Sep 3, 2026 | Aivina
September 3, 2026
US equities saw gains led by technology despite mixed economic data. Core PCE inflation remained elevated, reinforcing the Federal Reserve's patient stance on interest rate adjustments. Slower Q1 GDP growth and higher jobless claims suggest some economic cooling, while consumer confidence improved.
Highlights
- S&P 500 and Nasdaq indices advanced; technology sector led gains; recovering from earlier week losses.
- Q1 GDP growth revised lower; weekly jobless claims edged higher; signaling economic moderation.
- Fed officials maintained cautious stance; emphasized data dependence; no urgency for rate cuts.
Macro Overview
Inflation
April Core PCE rose 0.2% MoM, 2.8% YoY; headline PCE 2.7% YoY. Figures aligned with expectations but remain above Fed's 2% target.
Interest Rate Outlook
Fed officials signal no urgency for cuts, requiring several months of good inflation data. Potential for hikes discussed if inflation accelerates.
Risk Sentiment
neutral
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