Wolf Money(World market review 28 Sept - 4 Oct 2026)
Market Summary 28 Sept – 4 Oct 2026 *USA* ± US PCE rose 0.3% MoM or 3.4% YoY in Aug, Core PCE up 0.2% or 3% YoY, both unchanged from Jul’s revised readings + US inflation data for Aug came in softer than expected, lowering market expectations for Oct Fed interest rate hike + US Q2 GDP growth revised to 2.2% annualised rate from 1.5% on higher investment, consumer spending, govt spending + US Manufacturing PMI reached 54.5% in Sept vs 54.6 in Aug, prices index jumped 6.8 pts to 77.9, highest reading since May -US consumer confidence hits its lowest level since 2014 + US consumer spending up 0.9% or US$190.8bn in Aug, the most since Mar + US inflation-adjusted personal spending up 0.6% MoM in Aug, the most in 17 mths + US personal income rose 0.2% MoM to US$27,627bn in Aug ± US economy added just 29k jobs in Sept, vs expectation of 90k, with unemployment rising to 4.2% vs 4.1% in Aug + US private businesses added 90k jobs in...