Fed's preferred annual inflation indicator unchanged at 2.6% in July, below 2.7% estimates Related news

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ISTANBUL The US Federal Reserve's preferred annual inflation indicator remained unchanged at 2.6% in July, according to Commerce Department figures released Friday. The figure came in slightly lower than market expectations of 2.6% after the core personal consumption expenditures (PCE) price index also annually rose 2.6% in June. On a monthly basis, the core PCE price index increased 0.2% in July, following a 0.2% month-on-month increase in June, and came in line with market estimates. The PCE

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