DJIA down 115.52 points (Il Sole 24 Ore Radiocor) - New York, 30 Aug - US shares were trading mixed after a key inflation report closely followed by the Federal Reserve came in broadly in line with expectations.

The personal consumption expenditures price index showed headline prices in July rose 0.2% from the previous month and 2.5% from a year earlier while the core index, stripping out food and energy prices, was up 0.2% and 2.6%.

The Fed keeps close tabs on the gauge but the July numbers, though slightly below expectations on the year, will do little to move the dial.

Last week Fed chief Jerome Powell signalled 'the time is right' for an interest rate cut and investors are betting on a 25, or even 50, basis point cut at the central bank's next monetary policy meeting in September as a dead cert.

Also on the data front, consumer sentiment rose to 67.9 in August from 66.4 in July, slightly above the preliminary reading of 67.8.

Markets will be closed next Monday for Labor Day.

At 1723 GMT, the Dow Jones was losing 115.52 points, or 0.28%, at 41,219.53 points.

The S&P 500 was 4.36 points, or 0.08%, higher at 5,596.32 points.

The Nasdaq was gaining 39.80 points, or 0.23%, at 17,556.38 points.

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(RADIOCOR) 30-08-24 19:39:39 (0588) 5 NNNN