An inflation measure that is closely watched by the Federal Reserve accelerated in July, underscoring the challenge in combating steep consumer prices.
GuideStone Capital Management President and CIO David Spika discusses the markets, inflation, and how the latest jobs report reflects the current state of the economy.ticked higher in July as steep prices continue to squeeze millions of U.S. households.
The personal consumption expenditures index showed that consumer prices rose 0.2% from the previous month and climbed 3.3% on an annual basis, according to the Labor Department.
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