"Fed Speaker" Nick Timiraos: (June) Core PCE inflation looks to be starting to deteriorate, no better than when the Fed started cutting interest rates last year, and even worse by some measures. Core PCE inflation in June was three-month annualized...
2025-07-31 12:56:58
Nick Timiraos: Core PCE inflation looks to be getting worse [in June], no better than when the Fed started cutting interest rates last year, and by some measures even worse. The core PCE price index was at a three-month annualized rate of 2.6% in June (2.3% in the same period last year). On a six-month annualized basis, the figure was 3.2% (3.3% in the same period last year).
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