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Inflation Pace Coming Within Fed's Target

August 30, 2024
Floating
Personal Consumption Expenditures (PCE) showed that Headline or all-in inflation rose 0.155% in July, which was rounded in the media to 0.2%, which was slightly below the 0.2% expected. Year over year inflation remained at 2.5%, which was a little better than the 2.6% anticipated.
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