Markets The Fed’s preferred inflation measure (PCE deflator) showed no surprises in July. The headline index increased by 0.2% M/M and stabilized at 2.6% Y/Y. The core PCE deflator rose by 0.3% M/M with the annual number printing at 2.9% from 2.8%. Core PCE deflation is sticky between 2.6% Y/Y and 3% Y/Y since December […]
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