Did the Fed’s preferred measure of inflation ease off in July?
The US Federal Reserve’s preferred measure of inflation, the core personal consumption expenditures (PCE) price index, is expected to have cooled in July, following last month’s lower-than-expected consumer price index figures and an unexpected decline in producer prices.
Consumer price growth and producer prices eased in July largely because of lower petrol prices, and Friday’s PCE report is likely to follow that inflation trend.
The core PCE index — which strips out volatile food and energy prices — is forecast to have increased 0.3 per cent from a monthly gain of 0.6 per cent in June, according to economists polled by Reuters.
您已阅读12%（701字），剩余88%（5032字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。