July PCE Data Reinforces Powell's Stance on Potential Rate Cuts The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 0.2% in July and 2.5% year-over-year, slightly below expectations. Core PCE, which excludes volatile food and energy prices, increased 0.2% for the month and 2.6% annually. These figures suggest a gradual easing of inflationary pressures, potentially influencing the Fed’s future monetary policy decisions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Palladium Falls Below Platinum as Auto Industry Shifts Preferences READ MORE Economic Worries Fuel Gold Rush in China Despite Rising Costs READ MORE Treasury Yields Dip Ahead of Fed Rate Decision READ MORE Gold Rebounds on Rate Cut Expectations and Safe-Haven Appeal READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment