Fed’s preferred inflation gauge eases in June — fueling optimism for rate cut in September
The Federal Reserve’s preferred measure of inflation increased 2.5% in June compared to a year ago, in line with market expectations — boosting hopes for a September rate cut. The Personal Consumption Expenditures index (PCE) ticked up 0.1% on a monthly basis in June, while Core PCE, which strips out volatile food and energy prices, … Read more