US Inflation and Spending Remain Elevated Amid Trade Tensions
TL;DR Summary
The Federal Reserve's key inflation indicator showed mixed signals in July, with overall inflation steady but core inflation rising for the fourth consecutive month, amid increased consumer spending and ongoing trade tensions, raising concerns about inflationary pressures and the possibility of interest rate cuts.
- Fed's go-to inflation gauge creeps higher as trade war ramps up Axios
- Core inflation rose to 2.9% in July, highest since February CNBC
- Americans kept spending last month despite elevated inflation CNN
- PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates The New York Times
- US consumer spending strong; core inflation warmer on services Reuters
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