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...
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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.