TechFlow, on July 26, according to Jinshi Data, the year-over-year core PCE price index in the U.S. for June came in at 2.6%, higher than the expected 2.5% and unchanged from the previous reading. The month-over-month core PCE price index for June rose 0.2%, exceeding the expected 0.1%.
U.S. short-term interest rate futures edged higher after the inflation data release, with traders expecting the Federal Reserve to hold rates steady in July and begin cutting rates in September.
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