An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September.
1 of 3Shoppers pass a display of Halloween goods in a Costco warehouse Friday, Aug. 4, 2023, in Thornton, Colo. On Thursday, the Commerce Department issues its July report on consumer spending. A sign promoting a sale hangs in the window of a clothing store on Thursday, Aug. 24, 2023, in Lakewood, Colo. On Thursday, the Commerce Department issues its July report on consumer spending.File - A customer prepares to pump gas at a filling station in Buffalo Grove, Ill., on May 10, 2023.
On Thursday, the Commerce Department issues its July report on consumer spending. Fed’s preferred inflation gauge shows a modest rise in latest sign of slowing price increasesShoppers pass a display of Halloween goods in a Costco warehouse Friday, Aug. 4, 2023, in Thornton, Colo. On Thursday, the Commerce Department issues its July report on consumer spending. Shoppers pass a display of Halloween goods in a Costco warehouse Friday, Aug. 4, 2023, in Thornton, Colo.
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