Daily Market Updates: PCE inflation stayed elevated in July as energy costs remained high

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PCE inflation stayed elevated in July as energy costs remained high

Reported · Written up by our desk · Inflation

The Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, held steady in July, according to NYT Business and NYT Economy.

The reports cited high energy costs as a key factor behind inflation remaining elevated, even as the headline measure did not move in the month.

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Sources

NYT BusinessPCE Index Shows Inflation Remained Elevated in July Amid High Energy Costs

NYT EconomyPCE Index Shows Inflation Remained Elevated in July Amid High Energy Costs

Bonds & Rates

PCE inflation stayed elevated in July as energy costs remained high

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Sources

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