US core inflation rate rose to 2.9% in July, as expected, key Fed measure shows | Metals Mine

  • US core inflation rate rose to 2.9% in July, as expected, key Fed measure shows

    From cnbc.com

    Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are weaning their way through the U.S. economy. The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was up 0.1 percentage point from the June level but in line with the Dow Jones consensus forecast. On a monthly basis, the core PCE index increased 0.3%, also in line with expectations. The all-items index ... (full story)

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Trader#816A
Aug 29, 2025 8:06am
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Fudge the numbers. We all knew this was going to happen because inflation wouldn't go down. The Fed failed. Now it's Trump admin normalizing inflated prices pretending it's all good. None of this is reliable or good. Trade the charts not the news.
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Trader#4318
Aug 29, 2025 8:15am
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some of the dumbest mfers have the highest convictions in their voices
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