U.S. Core PCE Price Index Holds Steady at 2.6% in July, Matching June Figures

According to Odaily, the annual rate of the U.S. core Personal Consumption Expenditures (PCE) price index in July remained at 2.6%, consistent with June's figures and slightly below the market expectation of 2.7%.The monthly rate for the U.S. PCE price index in July was 0.2%, aligning with both market expectations and the previous value of 0.1%. Additionally, the U.S. real personal consumption expenditure (PCE) saw a monthly increase of 0.4% in July, matching the revised figure from the previous month and exceeding the anticipated 0.3% growth.These figures reflect a stable inflationary environment, with consumer spending showing resilience as the economy continues to navigate a period of uncertainty.