Fed’s Core Inflation Gauge Hits 3.3% As Policymakers Weigh Next Rate Move
The Federal Reserve’s preferred inflation measure showed consumer prices continued to rise in July, keeping pressure on policymakers as they debate their next interest rate decision. The personal consumption expenditures price index rose a seasonally adjusted 0.2% for the month, placing the annual inflation rate at 3.7%, according to a Commerce Department report. Both the…