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Fed’s preferred inflation gauge ticks higher in June
The Hill ^ | 07.26.2024 | Julia Shapero

Posted on 07/26/2024 8:21:43 AM PDT by ChicagoConservative27

The Federal Reserve’s preferred gauge of inflation rose slightly in June, according to new data from the Commerce Department released Friday.

The personal consumption expenditures (PCE) price index rose 0.1 percent last month and 2.5 percent over the past year. Core PCE, which excludes more volatile food and energy prices, was up 0.2 percent in June and 2.6 percent year-over-year.

The latest inflation reading comes as the Fed is set to meet next week. The central bank has held interest rates steady at a range of 5.25 to 5.5 percent for the past year, as inflation has remained stubbornly above its 2 percent target.

After peaking at a 40-year high in mid-2022, inflation has eased significantly. However, recent inflation data has showed halting progress, especially in the first quarter of 2024.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: feds; gage; inflation; june
Rose slightly huh...
1 posted on 07/26/2024 8:21:43 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

Butt, butt, butt......they said......


2 posted on 07/26/2024 8:24:07 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: ChicagoConservative27

But it’s “prefered”?


3 posted on 07/26/2024 8:29:40 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: ChicagoConservative27

Rose slightly huh...

************

Just a transitory rise. /sarc


4 posted on 07/26/2024 8:30:06 AM PDT by Starboard
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To: ChicagoConservative27

Inconvenient for the rate cut advocates.


5 posted on 07/26/2024 8:30:28 AM PDT by glorgau
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To: ChicagoConservative27
Our Deep State friends at the Fed have a problem. To help Biden Harris they’ve got to keep interest rates and inflation low. Tough to do both at once.

I’m actually surprised they haven’t cut rates. Maybe we’ll see that at their next meeting.

6 posted on 07/26/2024 8:33:18 AM PDT by Leaning Right (The steal is real.)
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To: glorgau

Federal money printing as a percentage of total federal expenditures has done what in the face of effort to buy votes for Kamala. Plummeted?


7 posted on 07/26/2024 8:35:27 AM PDT by AndyJackson
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To: glorgau

Trump needs to make it clear that if you are young and working and earning and still can’t afford to buy a house it is because Harris allowed illegals to flood the country, and the federal government is printing money to buy that housing to house the illegals pricing you out of the market for your own home because you are too expensive and want to much and are being replaced with someone who is a lot cheaper, even if they don’t actually do any work.


8 posted on 07/26/2024 8:42:37 AM PDT by AndyJackson
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To: ChicagoConservative27

Meat is becoming unaffordable. Grocery prices are horrible.


9 posted on 07/26/2024 8:44:39 AM PDT by dforest
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To: AndyJackson

https://www.youtube.com/watch?v=Mf83EvgoAHA

The horror coming is already in the works.


10 posted on 07/26/2024 8:46:31 AM PDT by dforest
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To: dforest

Wow. That is a great video. You should post it as a seperate post.


11 posted on 07/26/2024 9:15:52 AM PDT by AndyJackson
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To: dforest

Tell me about it! My sister and I live off gov’t checks with a mortgage. It is tough and we have reached our limit on borrowing money....refrigerator broke and had to buy a new one which arrives next week.

In spite of all this, we have good neighbors and faith in God. We know that God is in control and pray for God’s will be done.


12 posted on 07/26/2024 12:20:49 PM PDT by Karoo
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To: rktman

Inflation? Who cares?
https://youtu.be/KV488-rQ30s?si=tl1ovTfCcSN2x3x3


13 posted on 07/30/2024 7:32:50 PM PDT by smokingfrog ( sleep with one eye open (<o> --- )
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To: Karoo

You’re not alone. We go to food pantry locations now.


14 posted on 07/30/2024 9:19:05 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: dforest

What is the horror news? (Vids are wrecking FR)


15 posted on 07/30/2024 9:32:09 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TV)
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To: AndyJackson; dforest

The guy says that Chicago has spent $3 billion on illegals, who are treated better than the homeless.


16 posted on 07/30/2024 10:45:08 PM PDT by smokingfrog ( sleep with one eye open (<o> --- )
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To: ChicagoConservative27

“Core PCE, which excludes more volatile food and energy prices….”

Because no one uses food or energy on a daily basis. Here in DuPage County gas at Woodmans just jumped .30 a gallon in one day. From $3.69 to $3.99 a gallon. That’s 8% by my calculation.

L


17 posted on 07/30/2024 10:49:54 PM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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