“Federal Reserve microphone” Nick Timiraos: Core PCE inflation seems to be getting worse. It's no better than when the Federal Reserve began cutting interest rates last year, or even worse in terms of some indicators. The three-month annualized rate of the core PCE price index in June was 2.6%. On a 6-month annualized basis, this figure is 3.2%.

“Federal Reserve microphone” Nick Timiraos: Core PCE inflation seems to be getting worse. It's no better than when the Federal Reserve began cutting interest rates last year, or even worse in terms of some indicators. The three-month annualized rate of the core PCE price index in June was 2.6%. On a 6-month annualized basis, this figure is 3.2%.