Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.
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Musk & Other Billionaires May Not Like Trump 2.0
Investors may be wise to hedge against "Trump-flation."
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Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.
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Inflation Rises Moderately to 2.5%
U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.
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Yellen Lauds Biden for 'Remarkable Economic Recovery'
U.S. Treasury Secretary Janet Yellen Thursday lauded President Joe Biden for a "remarkable economic recovery" and said that second-quarter GDP and inflation data confirmed that the U.S. is on a path "to steady growth and declining inflation."
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U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
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