US core PCE inflation, the Fed’s preferred price gauge, held at 3.3% in July. Charlie Bilello noted that keeps the measure above the central bank’s 2% target fo
US core PCE inflation, the Fed’s preferred price gauge, held at 3.3% in July. Charlie Bilello noted that keeps the measure above the central bank’s 2% target for a 65th straight month, underscoring how persistent price pressures remain.
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