US Core PCE Inflation Holds at 3.3% in July

BlockBeats reports that U.S. core PCE inflation remained steady in July. Data released on August 26 showed the core PCE price index rising 3.3% year over year, matching both the 3.30% consensus forecast and the prior reading of 3.30%. On a monthly basis, the index increased 0.2%, in line with expectations of 0.20% and accelerating from 0.10% previously.