Reported about 1 month ago
Recent data shows that the core Personal Consumption Expenditures index has fallen to an annualized rate of 1.8%, trending below the Federal Reserve's 2% target. This decline comes as prices in July rose by 0.2%, aligning with expectations, and suggests a cooling labor market. While immediate implications for monetary policy may be limited, sustained lower inflation could provide the Fed with additional flexibility for future rate cuts.
Source: YAHOO