finance

THE US FEDERAL RESERVE’S PREFERRED INFLATION MEASURE FELL SHORT OF EXPECTATIONS IN JULY

Data released by the US Bureau of Economic Analysis on Friday showed that the Personal Consumption Expenditures Price Index (PCE) – the US Federal Reserve’s preferred inflation measure – recorded a reading lower than market expectations in July.

According to the data, the US core PCE index rose 2.6% year-on-year in July, below market expectations of 2.7%. The previous reading was 2.6% in June.

On a monthly basis, the US core PCE index grew 0.2% in June, matching market expectations of 0.2%, after rising 0.2% in June.

Full-Time Web3 • Law student • Investor  