Inflation
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Fed Chair Warsh Repeats Inflation Warning At Jackson Hole As Markets Price In Possible Rate Hike
Fed Chair Kevin Warsh warned at Jackson Hole on Friday, August 28, 2026, that recent cooling in inflation may not reflect improved underlying trends and left open further policy action. CBS News
Fed's Preferred PCE Inflation Gauge Holds At 3.7 Percent In July
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