The Commerce Department reported that the personal consumption expenditures price index rose 0.2% in July, putting headline inflation at 3.7% year over year. Core prices, excluding food and energy, increased 3.3% annually. Both headline and core inflation slightly exceeded Dow Jones forecasts on the monthly measure, while core matched annual expectations. The Federal Reserve views core PCE as a better gauge of underlying inflation trends than the broader index. The report showed personal income up 0.4% and spending up 0.2%, with goods prices dipping and services costs climbing. Stock futures slipped and Treasury yields rose as investors reassessed expectations for upcoming Fed policy decisions.
This update represents a notable development in the Board sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.