US Inflation Remains Steady in July, Supporting Fed Rate Cut
TL;DR Summary
The core PCE inflation rate in July matched expectations at 2.9%, supporting the Fed's potential rate cuts, with markets pricing in an 87% chance of a September rate cut and a continued bullish trend in the stock market despite some volatility.
- PCE Inflation Data Passes First Test Of Fed Rate-Cut Shift (Live Coverage) Investor's Business Daily
- Core inflation rose to 2.9% in July, as expected, key Fed measure shows CNBC
- Americans kept spending last month despite elevated inflation CNN
- US Consumer Spending Rises Firmly Despite Stubborn Inflation Bloomberg.com
- PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates The New York Times
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
4 min
vs 4 min read
Condensed
95%
751 → 41 words
Want the full story? Read the original article
Read on Investor's Business Daily