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…
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Filed under Business · United States · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: Federal Reserve (2), Inflation (6), Energy (11).
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