PCE Inflation at 3.7% as Markets Seek Fed Clarity
The PCE price index rose 0.2% in July, and is up 3.7% over the past year.
What happened
The PCE price index rose 0.2% in July, and is up 3.7% over the past year.
Why it matters
Core PCE rose 0.2%, with the core twelve-month rate at 3.3%, still above the Fed's target range.
What to watch
Watch next: Jackson Hole commentary and the next inflation data for clearer signals on the Fed's rate path.
Transcript
The PCE price index rose 0.2% in July, and is up 3.7% over the past year. Core PCE rose 0.2%, with the core twelve-month rate at 3.3%, still above the Fed's target range. Watch next: Jackson Hole commentary and the next inflation data for clearer signals on the Fed's rate path. FreshInsight delivers source-grounded finance briefs for market professionals. Source: The Wall Street Journal Not financial advice. For information and education only.
Primary sources
The Wall Street Journal
Distribution
YouTube / JuUM1Jr0h38
Topics
interest-rates, fed, federal-reserve, finance-shorts, pce-inflation, core-pce, inflation-data, us-economy, economic-data, finance-news
Disclaimer
Information and education only. Not financial advice.