#fed #federalreserve #inflation #yahoofinance
The Personal Consumption Expenditures Index, the Federal Reserve’s preferred gauge to measure inflation, rose in July, up 0.2% from the prior month and up 3.3% from last year. Excluding food and energy, the index rose 0.2% month-over-month and 4.2% year-over-year. Economic Cycle Research Institute Co-Founder Lakshman Achuthan says the data supports the idea that the Fed will keep rates higher for longer. “On the surface, higher expenditures, higher consumption, and some sticky prices, that’s a recipe for the Fed to say we can’t say mission accomplished just yet,” Acuthan tells Yahoo Finance Live.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
source
