U.S. Core Personal Consumption Expenditures Price Index preliminary figure (annualized quarterly rate) fell short of expectations: 3.4% vs 3.5%

According to Woofun AI, the preliminary reading for the U.S. core personal consumption expenditures price index in the second quarter (annualized quarterly rate) was 3.4%, lower than the expected 3.5% and the previous figure of 4.4%. This below-expected d

According to Woofun AI, the preliminary reading for the U.S. core personal consumption expenditures price index in the second quarter (annualized quarterly rate) was 3.4%, lower than the expected 3.5% and the previous figure of 4.4%. This below-expected decline indicates easing inflationary pressures, boosting market expectations for accommodative monetary policies.