US inflation remains sticky in July; 2nd-quarter GDP unrevised at 1.5%
Aug 26 (Reuters) - Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pau...
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5 results for"July CNBC"
Fed’s preferred inflation gauge remains flat at 3.7 percent in July
The Federal Reserve’s preferred measure of inflation remained flat in July, according to data from the Bureau of Economic Analysis released Wednesday. The personal consumption expenditures (PCE) price index ticked up 0.2 percent last month, rising 3.7 percent compared to the same time last year. Excluding more volatile food and energy prices, inflation rose 3.3 percent year-over-year in July. This was…
Consumers pulled back on spending in July in the face of continuing price pressures
US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday.
July 2026 PCE inflation data: headline above forecast, core in line
The headline PCE price index rose 3.7% annually, topping consensus by 0.1 percentage point, while core inflation matched expectations at 3.3%
Sticky PCE inflation leaves a divided central bank ahead of Fed's Jackson Hole retreat
The Federal Reserve's preferred inflation gauge showed prices remained sticky in July, reinforcing division within the central bank on whether to raise inter...