01:07 PM EDT, 09/26/2025 (MT Newswires) -- Personal income was up 0.4% for a second straight month in August, lifted by a 0.3% gain in wages and salaries and increases in the other income categories.

Personal consumption expenditures rose by 0.6% in August after a 0.5% increase in July. After an adjustment for a 0.3% increase in the PCE price index, real consumption rose 0.4% in August for a second straight month. The year-over-year rate for the overall price index rose to 2.7% from 2.6%.

Core PCE prices rose by 0.2% in the month, the same as in the previous month, while the year-over-year rate remained at 2.9%.

The University of Michigan consumer sentiment index for September was revised lower to 55.1 from the preliminary estimate of 55.4 and was below August's reading of 58.2.

Michigan said that inflation expectations were lower for the one-year horizon but higher for the 5-year horizon.

The Kansas City Fed's services index fell to minus 9 in September from 4 in August. Other regional services data already released have been mixed.

The Q3 GDPnow estimate from the Atlanta Fed is for a 3.9% gain, revised up from a 3.3% gain reported on Sept. 17. The next update is scheduled for Oct. 1.

The Q3 GDPnow estimate from the St. Louis Fed is for a 0.23% gain, revised up from a 0.05% gain reported last week.