The U.S. Bureau of Economic Analysis reported that the personal consumption expenditures (PCE) price index increased 0.3% in June, meeting expectations. On a year-over-year basis, the core PCE, which excludes food and energy and is closely monitored by the Federal Reserve, rose 2.8%, slightly above the anticipated 2.7%.
U.S. June PCE matches expectations; core PCE rises 2.8%
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