The personal consumption expenditures (PCE) data of the United States in July have just been released, in which the annual growth rate of the core PCE price index remained at 2.6%. This result was slightly lower than the 2.7 previously expected by the market. At the same time, the monthly PCE price index growth rate in July was 0.2%, in line with expectations and an increase from 0.1% last month. In terms of actual personal consumption expenditures, the monthly growth rate in July was 0.4%, which not only exceeded market expectations of 0.3%, but also increased from the revised previous value of 0.3%.
The growth of the core PCE price index this time was less than expected, which may have a significant impact on the Federal Reserve's future monetary policy decisions. Investors and analysts will be closely watching the data for its impact on the Fed's policy path and how it shapes expectations for the economic outlook. When the Federal Reserve tailors its monetary policy, PCE data is one of its key indicators for considering inflation levels. Therefore, the performance of this data may have a direct or indirect impact on interest rate decisions and economic stimulus measures. As the market continues to adjust its forecasts for the Fed's next move, July's PCE data will undoubtedly become an important factor affecting the future direction of the economy and financial markets.
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