The long and short of the PCE report is that it doesn't much change the trend relative to what was already known (ie., are price pressures actually easing, or did the way prices are measured change). June and July were good, but that was already known. August showed that didn't continue, which was already evident after the PPI and CPI numbers came out. Market-based prices are running around 3%, before and after the measurement changes. The 12-month reading looks less unfavorable, but still, no progress towards 2% since April 2025.