Fed's preferred inflation gauge shows price increases accelerated in June amid tariff uncertainty [View all]
Source: Yahoo! Fnance
Updated Thu, July 31, 2025 at 8:44 AM EDT
The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in June as inflation remained above the Fed's 2% target.
The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 0.3% from the prior month, in line with the 0.3% economists had expected and above the 0.2% increase seen in May.
On an annual basis, core prices rose 2.8%, above the 2.7% economists had expected and in line with May's reading. May's 2.8% reading was revised higher from an initially reported 2.7% increase.
The release comes just one day after the Fed opted to hold interest rates steady at its July meeting, with Fed Chair Jerome Powell stressing that it's still the "early days" of any tariff impact on inflation and that there is still "a long way to go" before the full effects will be clear.
Read more: https://finance.yahoo.com/news/feds-preferred-inflation-gauge-shows-prices-increased-more-than-expected-in-june-123314802.html
From the source - https://www.bea.gov/news/2025/personal-income-and-outlays-june-2025
Article updated.
Previous article/headlines -
Updated Thu, July 31, 2025 at 8:44 AM EDT
The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in June as inflation remained above the Fed's 2% target.
The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 0.3% from the prior month, in line with the 0.3% economists had expected and above the 0.2% increase seen in May.
On an annual basis, core prices rose 2.8%, above the 2.7% economists had expected and in line with May's reading. May's 2.8% reading was revised higher from an initially reported 2.7% increase.
The release comes just one day after the Fed opted to hold interest rates steady at its July meeting with Fed Chair Jerome Powell stressing its still the "early days" of any tariff impact on inflation and there is still "a long way to go" before the full effects will be clear.
Original article/headline.
Thu, July 31, 2025 at 8:33 AM EDT
The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in June more than expected as inflation remained above the Fed's 2% target.
The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.8% on an annual basis, above the 2.7% economists had expected and higher than the 2.7% seen in May.
Core prices rose 0.3% from the prior month, in line with the 0.3% economists had expected and above the 0.2% increase seen in May.
The release comes just one day after the Fed opted to hold interest rates steady at its July meeting with Fed Chair Jerome Powell stressing its still the "early days" of any tariff impact on inflation and there is still "a long way to go" before the full effects will be clear.
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