{"id":162437,"date":"2025-08-29T15:21:45","date_gmt":"2025-08-29T15:21:45","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/us-core-pce-firms-slightly-but-matches-expectations-mint\/"},"modified":"2025-08-29T15:21:45","modified_gmt":"2025-08-29T15:21:45","slug":"us-core-pce-firms-slightly-but-matches-expectations-mint","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/us-core-pce-firms-slightly-but-matches-expectations-mint\/","title":{"rendered":"US core PCE firms slightly but matches expectations – Mint"},"content":{"rendered":"

US core PCE firms slightly but matches expectations
 
New York:<\/strong>The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index (PCE) rose 0.2% in July, versus the unrevised 0.3% rise in June and matched the estimate of economists polled by Reuters.
In the 12 months through July, PCE inflation <\/a>increased 2.6% after climbing 2.6% in June. Stripping out the volatile food and energy components, the so-called core PCE Price Index increased 0.3% last month. That followed a 0.3% rise in the core inflation in June.
 
In the 12 months through July, core inflation advanced 2.9% after rising 2.8% in June. The Federal Reserve tracks the PCE price measures for its 2% inflation target.
Stocks:<\/strong> S&P 500 emini futures slightly pared declines and were down 17 points, or 0.26%
Bonds:<\/strong> U.S. Treasury yields <\/a>briefly pared gains and the 10-year yield was last up 2.3 basis points at 4.23% and the two-year yield edged up 0.2 basis point to 3.637%
Forex<\/strong>: The dollar<\/a> index held gains and was up 0.21% to 98.09
Brian Jacobsen, Chief Economist, Annex Wealth<\/a> Management, Menomonee Falls, Wisconsin: “After two months in the dumps, spending on durable goods jumped in July, driven by autos. Real incomes excluding transfer receipts\u2014a key recession indicator\u2014showed a healthy<\/a> advance in July. Peak tariff uncertainty in May and June weighed on jobs, spending, and incomes. Hopefully the relief in July can continue without too much permanent damage being done.”<\/p>\n

Michael Lorizio, Head of US Rates Trading, Manulife Investment Management, Boston: “PCE was basically in line with expectations. Between CPI and PPI and some smaller inputs from other economic indicators, the street and the more high-profile economists have gotten really good at being able to predict where core PCE should be coming in, so the actual release has become a bit less of an event just because of those other inputs that we see ahead of time.”
Chris Zaccarelli, Chief Investment Officer, Northlight Asset Management, C Harlotte, NC: “You can check this off as one more risk to potentially derailing a cut in September. The inflation part of it, at least in this measure, is not going to do anything to reduce odds of a cut in September.”
Stay updated with the latest Trending<\/a>, India <\/a>, World <\/a>and US<\/a> news. Read all the latest updates on Minnesota Shooting Suspect here<\/a> at Livemint.
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It'll just take a moment.<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

US core PCE firms slightly but matches expectations New York:The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index (PCE) rose 0.2% in July, versus the unrevised 0.3% rise in June and matched the estimate of economists polled by Reuters.In the 12 months through July, PCE inflation increased 2.6% after climbing 2.6% in […]<\/p>\n","protected":false},"author":1,"featured_media":162438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-162437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/162437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=162437"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/162437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/162438"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=162437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=162437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=162437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}