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

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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%.

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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

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