Fed's Favorite Inflation Indicator Jumps Higher In July, Wage Growth Slowed
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Fed's Favorite Inflation Indicator Jumps Higher In July, Wage Growth Slowed One of The Fed's favorite inflation indicators - Core PCE Deflator - rose 4.2% YoY in July (as expected but higher than June's +4.1%). Headline PCE jumped up to +3.3% YoY (also as expected) - the biggest jump in YoY prints…
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