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US PCE Inflation Holds at 3.7% Stoking Fed Rate Hike Fears

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • July PCE inflation unexpectedly held steady at 3.7% year-over-year, topping forecasts of 3.6%.
  • The sticky inflation print, coupled with escalating U.S.-Canada tariffs, fuels debate over potential Federal Reserve rate hikes, dampening equity sentiment and supporting the U.S.
  • dollar.
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7585.73 +11.35% over the displayed period

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