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Inflation Report Expected to Show Persistent Price Pressures
Inflation Report Expected to Show Persistent Price Pressures
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BTCCSquare news:
July's inflation data is anticipated to remain stubbornly elevated, with economists forecasting a 2.6% annual rise in the Personal Consumption Expenditures index—unchanged from June. The Core measure, excluding food and energy, may accelerate to 2.9%, further distancing the Federal Reserve from its 2% target.
Tariffs imposed during the TRUMP administration continue to exert upward pressure on consumer prices across multiple sectors. This persistent inflationary environment complicates monetary policy as the Fed marks its fourth consecutive year missing its inflation benchmark.
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