US Core PCE Rises 0.2% in July, Consumer Spending Stalls

US Core PCE Rises 0.2% in July, Consumer Spending Stalls →

The Federal Reserve’s preferred inflation metric, the so-called core PCE price index, which excludes food and energy items, rose 0.2% in July and advanced 3.3% from a year ago. Inflation-adjusted consumer spending was flat last month. Micha…