Core inflation rate rose to 2.9% in July, as expected, key Fed measure shows

U.S. core inflation rises 2.9 pct in July

NEW YORK, Aug. 29 (Xinhua) -- U.S. core inflation, measured by the core personal consumption expenditures (PCE) price index excluding food and energy, rose 2.9 percent year-over-year in July, the highest level since February, the Bureau of Economic Analysis (BEA) reported Friday. Read full story

Sticky inflation, Fed drama and the rise of 'cute' debt

Core inflation rose to 2.9% in July, according to the latest PCE data — the Fed's preferred inflation gauge — marking its highest level in months. But despite stubborn inflation and falling consumer confidence, consumer spending continues to climb. Courtenay Brown at Axios and Jordyn Holman at The New York Times join "Marketplace" host Amy Scott to talk about the latest inflation numbers, and the court battle brewing between the White House and …

Monthly Inflation Slows Slightly in July, Feeding Fed Rate Cut Hopes

Inflation in July, as measured by the Federal Reserve’s favored gauge, inched lower on a monthly basis, fueling hopes of an interest rate cut when the central bank meets in September. The price index of the Personal Consumption Expenditures (PCE) index tends to be more influential on Fed decisions regarding interest rates than the widely-publicized Consumer Price Index (CPI). The PCE measures changes in the value of the goods and services purcha…

PCE price index, a key inflation gauge, stayed steady in July

(NewsNation) — The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures price index, rose as expected on Friday as Americans head into Labor Day weekend. The PCE price index was up 2.6% in July year-over-year, according to a Commerce Department report released Friday. That number is in line with price index forecasts and marks the same annual pace as June. When only "core" prices are considered — excluding vola…

Federal Reserve’s Preferred Inflation Measure Unchanged

The Federal Reserve’s preferred inflation gauge was unchanged in July, easing concerns that tariffs are reviving cost pressures. According to data released by the Bureau of Economic Analysis on Aug. 29, annual personal consumption expenditure (PCE) price index inflation was flat at 2.6 percent in July. Core PCE inflation, which strips out noisy signals from volatile energy and food components, ticked up to 2.9 percent year over year from 2.8 per…