Reported about 16 hours ago
The upcoming report from the Bureau of Economic Analysis is anticipated to show that inflation, measured by the Personal Consumption Expenditures index, rose to 2.5% in June, the highest since February, driven by tariffs on consumer goods. While inflation has declined from its peak in 2022, it remains above the Federal Reserve's 2% target, suggesting that the Fed may maintain higher interest rates for a longer period to manage ongoing price pressures.
Source: YAHOO