US PCE Inflation Falls to 3.7% YoY
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Insights by Echo AI
The US Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 3.7% in June from a year ago, in line with market expectations. This marks a decrease from the previous reading of 4.1%. The core PCE price index, which excludes volatile food and energy prices, increased 3.286526% year-over-year, slightly below the forecast of 3.3%.
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