July PCE data: 3 things Wall Street learned
July's Personal Consumption Expenditures (PCE) data— the Federal Reserve's preferred measure of inflation— came in line with expectations for the month. Core PCE, excluding volatile food and energy costs, increased by 2.6% year-over-year. Meanwhile, the headline PCE index rose 2.5%. Yahoo Finance Federal Reserve reporter Jennifer Schonberger breaks down the details of the print, discussing how these figures will likely influence the central bank's upcoming monetary policy decisions. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith