PCE Inflation 🇺🇸 July

- PCE Y/Y +2.5% (Expected = 2.6%, previous month = 2.5%)

- Core PCE Y/Y +2.6% (Expected = 2.7%, previous month = 2.6%)

July PCE inflation, the Fed's preferred inflation measure, was 2.5%, below the 2.6% forecast.

Core PCE inflation held at 2.6%, below the 2.7% forecast.

Both overall and core PCE inflation were unchanged from June.

FED's September rate cut boosted