US Inflation Remains Steady in July, Supporting Fed Rate Cut
TL;DR
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.
Topics:top-newseconomy#economy#fed-rate-cut#inflation-rate#july-data#market-expectations#pce-inflation
- 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
Want the full story? Read the original reporting
Read on Investor's Business Daily