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US Fed rate hike bets rise after inflation edges up to 3.7%, higher than expectations
US inflation data showed a slight acceleration, challenging hopes for easing price pressures. The personal consumption expenditures price index rose 3.7% annually in July. Core inflation remained unchanged, indicating persistent underlying price pressures. This data increases the likelihood of the Federal Reserve raising interest rates soon. Markets now anticipate a higher probability of a September rate hike.
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cnbc.com
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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cryptobriefing.com
US PCE inflation edges higher in July while core measure meets forecast
The US Federal Reserve's preferred inflation gauge rose 3.7% annually in July, while core PCE held at a 3.3% rate.
