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PCE inflation rose 0.3% in June, with the annual rate hitting 2.6%

Jerome Powell now has exactly what he needed to justify staying on the sidelines. On Thursday, the Commerce Department reported that both headline and core PCE inflation figures for June came in hotter than expected. The monthly PCE index rose 0.3%, up from 0.1% in May, while the annual rate hit 2.6%, an increase from […]

Source: cryptopolitan.com (Read Full Article)

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