Daily Market Updates: Fed preferred inflation gauge shows core PCE rose 3.3% in July

Bonds & Rates

Home›Bonds & Rates›Inflation›Fed preferred inflation gauge shows core PCE rose 3.3%…

Fed preferred inflation gauge shows core PCE rose 3.3% in July

Economists surveyed by Dow Jones expected core PCE to increase 0.1% month over month in July.

Reported · Written up by our desk · Inflation

CNBC Markets reports the Federal Reserve’s preferred inflation measure, the core Personal Consumption Expenditures price index, showed core prices rose 3.3% year over year in July.

The outlet also cited expectations from economists surveyed by Dow Jones, who projected a 0.1% month over month increase in core PCE for July.

According to the same survey, economists expected the 12-month core PCE rate to come in at 3.6%.

Latest closeDow Jones 53,732.41 ▼0.2%

← Newer storyIran and Oman agree on Hormuz revenue share, reopening linked to US Older story →Dollar and bond markets brace ahead of Jackson Hole as pressures build

More like this

Bonds & RatesJuly inflation holds steady above 2% target as growth signals brighten

Bonds & RatesJuly inflation report ran hotter than Wall Street expected

Bonds & RatesU.S. inflation jumps in July, keeping pressure on Fed policy

Bonds & RatesPCE inflation stayed elevated in July as energy costs remained high

Bonds & RatesBonds slide after PCE data tilts above targets

Sources

CNBC MarketsFed’s preferred inflation gauge shows core prices rose 3.3% annually in July

CNBC WorldFed’s preferred inflation gauge shows core prices rose 3.3% annually in July

CNBC EconomyFed’s preferred inflation gauge shows core prices rose 3.3% annually in July

Bonds & Rates

Fed preferred inflation gauge shows core PCE rose 3.3% in July

More like this

Sources

Get the close, explained.