Federal Reserve's preferred inflation metric rises slightly in July
August 31, 20232 min read356 words
Published: August 31, 2023  |  2 min read356 words
An inflation metric closely monitored by the Federal Reserve rose slightly in July, adding to expectations that the central bank will leave interest rates unchanged next month. The Price Consumption Expenditures Price Index increased 0.2 per cent last month, data from the Labour ...
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August 31, 2023
Good information about the smaller increase (but still an increase) in inflation in the USA this quarter, but sorely lacking greater analysis. Saying "inflation rose/fell by X percent" doesn't do much to inform readers about how that metric will impact their own lives. Nevertheless, nothing outright false or lacking in credibility here. Just not all it could be.
August 31, 2023
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