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The Commerce Department’s personal consumption expenditures price index, which the Fed focuses on as its main inflation gauge, rose at a 2.6% 12-month level in May. That level has come down steadily after being around 4% a year ago, though policymakers do not expect it to reach the Fed’s 2% goal until 2026. At the European Central Bank Forum, Powell added that the labor market is cooling off slowly, which is what "we've been hoping to see". | CNBC

The Commerce Department’s personal consumption expenditur…

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Personal Consumption Expenditures price index rose 0.2 percent in July

Personal Consumption Expenditures price index rose 0.2 …

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Core PCE price index rose 3.1% year over year, higher than expected

Core PCE price index rose 3.1% year over year, higher than expect…

PCE inflation rose 4.4% in December

PCE inflation rose 4.4% in December

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US Core PCE Rises 0.2% in June, Personal Spending Remains Firm

US Core PCE Rises 0.2% in June, Personal Spending Remains Firm

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Fed's personal consumption expenditure index indicates inflation still high but down from March high

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