Reported about 1 month ago
Recent data from July shows that while core Personal Consumption Expenditures (PCE) inflation aligns with expectations, consumer spending remains inconsistent, fluctuating between excessive spending and periods of saving. Economist José Torres emphasizes that although inflation pressure is lessening in areas like commodities, it persists in services. The Federal Reserve may consider interest rate cuts, but this could come with risks of economic overheating.
Source: YAHOO