FX.co ★ Dallas Fed PCE Holds Steady at 1.90% in August, Signaling Stable Inflation Trend

The Dallas Federal Reserve’s trimmed mean PCE indicator for the United States remained unchanged at 1.90% in August 2026, matching the revised reading for July 2026. According to data updated on 30 September 2026, the measure shows no acceleration or deceleration in underlying inflation for the second consecutive month.

This stability in the Dallas Fed PCE — a key gauge of core inflation trends — suggests that price pressures are neither intensifying nor easing relative to mid-summer levels. For markets and policymakers, the unchanged 1.90% reading reinforces the picture of a steady inflation environment heading into the final quarter of 2026, with no new signal from this metric alone to push expectations decisively in a more hawkish or dovish direction.

With the indicator holding at 1.90% in both July and August, investors will be watching upcoming releases closely to determine whether this plateau marks a turning point or the continuation of a flat inflation trajectory in the months ahead.