July PCE Inflation Rises Slightly, Driven by Financial Services
The Federal Reserve's preferred inflation gauge recorded a modest increase in July, primarily driven by rising costs in the financial services sector. While core inflation aligned with expectations, the acceleration in headline prices highlights ongoing economic shifts as consumer savings patterns adjust.
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Banking on inflation: Financial services lead July PCE price gains
Read full article →Fed's Favorite Inflation Indicator Ticks Up In July As Americans Suddenly Start Saving More
Fed's Favorite Inflation Indicator Ticks Up In July As Americans Suddenly Start Saving More Following the CPI and PPI internals, this morning's PCE data should not offer too many surprises with expectations for the headline price Index to rise just 0.1% MoM in July (after deflating for the first time since COVID in June). The (old) Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs...
By Tyler Durden
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