Fed's favored inflation gauge rose more than expected in July
The Federal Reserve tracks inflation using a measurement called the PCE. In July, this measurement went up more than experts predicted, and it stayed above the level the Fed aims for. This matters because the Fed uses inflation data to decide how to manage the economy.
← Back to stories
National6 articles from 6 sources across the spectrum· Updated 34d ago
6 across the spectrum · tap a section to jump
How each side is putting it
Left
1 viewpointCenter
3 viewpointsFed’s Preferred Inflation Meter Unchanged In July—Here’s Why Interest Rates Hikes Are Now More Likely
Right
2 viewpointsInflation held at 3.7% in July in Fed’s preferred gauge, reflecting affordability woes