US inflation holds steady in July, above forecasts
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Neutral summary
In July, US inflation, as measured by the Personal Consumption Expenditures (PCE) price index, was unchanged from June and came in higher than economists had expected. The annual rate stood at 3.7%, versus a projected 3.6%. Core inflation, excluding food and energy, rose 3.3% year over year. The persistent price pressures have boosted expectations that the Federal Reserve may soon raise interest rates, which in turn supported the dollar.
How it was framed
Outlets: 10. Countries: 6. Facts in the shared core: 12.
Publication timeline
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CBS News (outlet profile)
What to expect from key U.S. inflation indicator releasing Wednesday. The PCE price index report, which provides an overview of the current state of inflation across goods and services in the U.S., will be released on W…
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The New York Times (outlet profile)
Inflation Remains Elevated as Energy Costs Push on Prices. The Personal Consumption Expenditure index, the Federal Reserve’s preferred inflation tracker, held steady in July.
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CNBC (outlet profile)
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July. The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists sur…
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The Independent (outlet profile)
Key inflation gauge remains elevated during Iran war and ongoing US trade fights. An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still str…
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The Hill (outlet profile)
Fed’s preferred inflation gauge remains flat at 3.7 percent in July. The Federal Reserve’s preferred measure of inflation remained flat in July, according to data from the Bureau of Economic Analysis released Wednesday.…
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CBS News (outlet profile)
July PCE inflation index held at 3.7% annual pace, hotter than expected. The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
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Forbes (outlet profile)
Fed’s Preferred Inflation Meter Unchanged In July—Here’s Why Interest Rates Hikes Are Now More Likely. The Federal Reserve earlier signaled interest rate hikes unless they saw improvements to inflation.
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CNBC (outlet profile)
10-year Treasury yield is flat after PCE inflation report is mostly as expected. Treasury yields were broadly flat on Wednesday, as investors assessed the publication of the Federal Reserve's preferred inflation metric.
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La Tribune (outlet profile)
Aux États-Unis, l’inflation stagne à 3,7 % et complique l’équation de Trump. L’inflation PCE, l’indicateur privilégié par la Fed, a stagné à 3,7 % sur un an en juillet, contre un niveau à 3,6 % attendu par les marchés.…
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Telegraf (outlet profile)
Cene u SAD nastavile rast: Koliko još potrošači mogu da izdrže pre nego što promene navike?. Inflacija u Sjedinjenim Američkim Državama je blago porasla, dok je potrošnja stagnirala u julu, pokazao je danas objavljen iz…
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Channel NewsAsia (outlet profile)
US data lifts dollar as Fed hike expectations edge higher
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Channel NewsAsia (outlet profile)
US data buoys dollar as Fed hike expectations nudged higher
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CBS News (outlet profile)
Inflation is still too high, July data shows. The Federal Reserve may soon consider raising interest rates after new data showed inflation didn't change from June and is higher than expected. CBS News contributor J.D. D…
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Al Jazeera (outlet profile)
US inflation remains sticky in July. Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling.
Factual core
- Inflation remains elevated.
- The Federal Reserve's preferred inflation meter was unchanged in July.
- Federal Reserve hike expectations edged higher.
- The PCE inflation figure for July was 3.7%, above the 3.6% expected by markets.
- The PCE index is the inflation indicator preferred by the Federal Reserve.
- Inflacija u Sjedinjenim Američkim Državama je blago porasla.
- US data buoyed the dollar.
- The unchanged inflation measure is the latest sign that many Americans are still struggling with higher costs.
- Potrošnja je stagnirala u julu.
- Izveštaj je objavljen danas od strane Kancelarije za ekonomsku analizu.
- The US and Israel attacked Iran.
- The attack on Iran sent energy prices spiralling.