Fed's Preferred Inflation Gauge Provides Another Signal For September Rate Cuts

The Federal Reserve's top metric for tracking inflation showed July prices in line with expectations, providing a key data point as the central bank decides how much to cut rates at its next meeting.  The core Personal Consumption Expenditures index rose 0.2% in July from June, matching up with Wall Street's expectations. It rose 2.6% year-over-year, a tick below the 2.7% analyst expectation, Yahoo Finance reported. The PCE tracks the price of goods and services purchased by consumers in the country. The data and is the first new read on inflation since Fed Chair Jerome Powell earlier this month gave the strongest indicator yet that rate cuts are coming in September, saying "The...