The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent

The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent

The New York Times - Business:

Inflation remained cool in July, based on the Personal Consumption Expenditures Index, keeping the Federal Reserve on track for rate cuts.

This post first appeared in The New York Times - Business. Read the original article.