Reported about 1 month ago
In July, the Fed's favored inflation metric, the core Personal Consumption Expenditures (PCE) index, increased by 0.2%, matching Wall Street's forecasts and the prior month’s figure. Over the past year, prices rose 2.6%, consistent with June’s increase and below analysts' expectations. This data comes as Fed Chair Jerome Powell suggests a probable rate cut next month, indicating a cautionary approach due to potential labor market deterioration.
Source: YAHOO