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Yeshiva World News · Aug 26, 2026

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New inflation data released this morning shows the Federal Reserve’s preferred inflation gauge remains stubbornly elevated. The core PCE price index, which excludes food and energy, rose 0.2% in July and 3.3% from a year ago. Overall PCE inflation rose 0.2% for the month and remained at 3.7% year-over-year, slightly hotter than the 3.6% economists expected and still well above the Fed’s 2% target. The report also showed personal income increased 0.4% in July, while consumer spending rose 0.2%. After adjusting for inflation, consumer spending was flat for the month.

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