The Fed’s Preferred Inflation Gauge is on track for September rate cuts.

The Good News: The Fed’s Preferred Inflation Gauge is on track for September Rate Cuts!

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The Federal Reserve’s preferred gauge to measure underlying inflation held steady last month, with core prices rising 2.6% and the headline index up 2.5% in a report that is likely to cement the case for a September rate cut.

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The Fed’s Preferred Inflation Gauge is on track for September rate cuts.

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