08/28/2026
The economy continues to send mixed signals. This week, the Federal Reserve’s preferred measure of inflation, the PCE Price Index, showed inflation running at 3.7% year over year in July, up slightly from 3.6% in June, while core PCE, which excludes food and energy, remained at 3.3%. The report shows that inflation remains stubbornly above the Fed’s 2% target, making the path for interest rates less certain and reducing hopes for lower rates in the near term.
The economy continues to send mixed signals. This week, the Federal Reserve’s preferred measure of inflation, the PCE Price Index, showed inflation running at 3.7% year over year in July, up slightly from 3.6% in June, while core PCE, which excludes food and energy, remained at 3.3%. The report sh...