Key US Inflation Gauge Posts Muted Advance, Spending Stalls

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world A closely watched US price gauge rose in line with expectations in July and consumer spending stalled, giving the Federal Reserve some room to hold interest rates steady in the near term. The so-called core personal consumption expenditures price index , which excludes food and energy items, advanced 0.2% from a month earlier, and 3.3% from a year earlier . Inflation-adjusted consumer spending was flat last month following strong increases in May and June.

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