The Fed's Preferred Inflation Gauge Came In Slightly Hotter Than Expected. Here's What Investors Need to Know
The Federal Reserve prefers to use the Personal Consumption Expenditures price index to gauge inflation.
Overview
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose a seasonally adjusted 0.2% in July and was up 3.7% year over year.
Both numbers came in at 0.1% above economists' expectations.
Details
Core PCE, which excludes more volatile food and energy prices, rose 0.2% during the month and came in 3.3% higher year over year, both in line with estimates.
Source
Originally published at www.fool.com.
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