The Fed’s favorite inflation gauge just came in mostly cool, but hot under the surface again
via apnews.com
Short excerpt below. Read at the original source.
The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. Excluding the volatile food and energy categories, prices rose 2.9% […]