US Fed’s preferred inflation gauge steady as rate cut looms …C0NTINUE READING HERE >>>
The US personal consumption expenditures price index held firm at 2.5 percent from a year ago in July.
Photo: Patrick T. Fallon / AFP/File
Source: AFP
The US Federal Reserve’s favored measure of inflation held steady in July according to government data Friday, sustaining expectations that the central bank is on its way to interest rate cuts starting next month.
The personal consumption expenditures (PCE) price index edged up on a monthly basis from 0.1 percent in June to 0.2 percent…
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