2024-07-26 12:20:00 ET
Summary
- The overall PCE price index rose by 0.1 percent in June, exactly what markets expected.
- Broad measures of inflation continue to slowly edge lower and are now close to the Fed’s forecasts for where they would be at year-end.
- If inflation edges down still more before the September FOMC meeting, then the Fed is likely to start easing policy.
Inflation about as expected - and that's probably good enough.
The June Personal Income and Outlays report for June showed that consumer spending remained solid, although income was a bit lower than expected. But the key figures were the PCE and core PCE inflation measures....
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