US Core PCE Inflation Eases to 3.3% in June, Supporting Fed’s Wait-and-See Stance

The Federal Reserve’s preferred inflation gauge pointed to continued progress on underlying price pressures in June, even as higher energy costs remained a looming risk. The headline PCE price index fell -0.1% mom, matching expectations, while annual inflation slowed from 4.1% yoy to 3.7%. Core PCE, which excludes food and energy, rose just 0.1% mom, […]

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