Fed's Preferred PCE Inflation Gauge Holds At 3.7 Percent In July
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The personal consumption expenditures price index rose 3.7% year over year in July, matching June's pace. CBS News The PCE is the Federal Reserve's preferred inflation gauge. CBS News The reading, released Wednesday, August 26, 2026, came in hotter than economists expected and could complicate the Fed's plans for cutting interest rates. CBS News
