U.S. Core PCE Inflation Heats Up in June, Adding Another Variable to Fed's September Rate Cut Prospects
BlockBeats News, July 31st: The U.S. inflation data for June slightly exceeded expectations, adding another variable to the Fed's interest rate cut timeline. The Fed-favored core PCE price index rose by 0.3% month-on-month and 2.8% year-on-year, slightly higher than the market's forecast of 0.29% and 2.7%. The overall PCE index, which includes food and energy, rose by 0.3% month-on-month and 2.6% year-on-year, also surpassing market expectations of 0.23% and 2.5%.
This higher-than-expected inflation report has made the Fed's interest rate cut path more complex. Policymakers had previously emphasized the need to see more evidence of inflation consistently returning to the 2% target, and the latest data may delay this process. (FXStreet)
You may also like

Kalshi's eight-year entrepreneurial history: A boxer in a suit steps onto the stage

Once you're over 25, you're already too old to be playing with meme coins.

Four New Frontlines Post Ceasefire | Rewire News Daily Brief

Holmez accepts Bitcoin for toll payment, how much can Iran earn?

When No One on the Team Wants to Sell: The Valuation Game at Anthropic Enters the “Seller Disappearance” Stage

Anthropic's new product, powerful enough to make the AI Agent Infrastructure team unemployed?

Trump Admin's $950 Million Bet on Oil Price Plunge Before Ceasefire Turned Crude Market into Insider Trading Heaven

Why Did Trump Take the US into War with Iran?

From Threat to Ceasefire: How Did the U.S. Lose Its Dominance?

How long can the Ethereum ecosystem survive after the launch of Mythos?

Morning News | Yi Lihua establishes AI fund OpenX Labs; Pharos Network completes $44 million Series A financing; Iran demands that Hormuz tankers pay Bitcoin as tolls

Ray Dalio's new article: The world is entering a war cycle

IOSG: When Fintech Meets Crypto Native: The Next Decade of Digital Finance

They knew in advance that Trump would tweet about a ceasefire, entered with $20k, and exited with $400k.

The biggest bottleneck in DeFi development

CZ Memoir Released: Reveals a Large Amount of Industry Insider Information, Prompting Intense Rebuttal from Xu Mingxing

a16z: After securities are on the blockchain, why will intermediary institutions be replaced by code?

XRP Tokyo Is Here: What We Learn and What’s Next for XRP Price
Key Takeaways: Ripple’s 2025 XRP Tokyo event highlights a projected $33 trillion on-chain stablecoin volume by 2026. Significant…
