US Core PCE Inflation Rose 3.3 Percent in July

The personal consumption expenditures price index rose 3.3 percent on an annual basis in July. This core reading excludes volatile food and energy costs. Economists surveyed by Dow Jones anticipated a 3.6 percent increase for the 12-month period. The monthly increase was expected to reach 0.1 percent. Market participants are monitoring these figures for signals regarding future Federal Reserve interest rate policy.