Fed’s key inflation gauge seen cooling in August, holding at 2.9% annually

The Fed is expected to get a breather after months of inflation pressure, as its preferred inflation gauge likely slowed down last month. The personal consumption expenditures index, excluding food and energy, is forecast to have risen 0. 2% in August, down from 0. 3% in July, according to Bloomberg. On a yearly basis, the number is […] source: https://www.cryptopolitan.com/feds-key-inflation-gauge-cooling-in-august/