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 Central Banks Warned to Stand Firm Against Inflation READ MORE U.S. Labor Market Beats Expectations with 275,000 New Jobs READ MORE China’s Aging Population Catalyzes a New Era in Gold Jewelry Demand READ MORE The Alibaba Conundrum and Gold's Rally READ MORE Powell Signals Delay in Rate Cuts Amid Ongoing Inflation Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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