July Core PCE Rises 0.2% MoM…Savings Rate Rebounds from 4-Year Low

1. 1July core PCE rose modestly, matching market expectations with a 0.2% month-over-month increase and 3.3% year-over-year gain.
2. 2Headline PCE climbed 0.2%, exceeding the expected 0.1%, while consumption and income each rose 0.2% and 0.4%, respectively.
3. 3As public- and private-sector wage growth slowed, the savings rate rebounded from a 4-year low, supporting the Fed's hawkish stance.

Source MarketWatch +2 · View original ↗

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