Fed's preferred inflation measure edges higher in July: Stock Market news today | August 31

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The Federal Reserve's preferred inflation measure edged higher in July, reversing some of the prior month's sharp drop as the central bank works to bring inflation back to its 2% target. The Personal Consumption Expenditures (PCE) Index excluding the cost of food and energy, or so-called "core" PCE, rose 4.2% over the prior year in July, in-line with economist expectations and up from 4.1% in June, data released by the Commerce Department on Thursday showed. On a headline basis, which includes all categories, PCE inflation rose 3.3% year-over-year in July, up from 3% the month prior and in line with expectations. To get the latest market news check out finance.yahoo.com #yahoofinance #stockmarket #stocks #news #fed #federalreserve #inflation #livestream #live
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