PCE inflation report: Key measure ticks higher in July.
An inflation measure that’s watched closely by the Federal Reserve edged higher in July, possibility raising the chances that the Federal Reserve will raise interest rates again this year.
Consumer prices increased 3.3% from a year earlier.
Why is everything at least 30-100% more? Ex:checked my receipts for furnace filters...were $5 a year ago and now $10 a month ago!
3.3% MONTH OVER MONTH is more like it!