Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-30T12:55:04+00:00
The Federal Reserve's favored inflation gauge showed prices edged down in June, but remain uncomfortably above the central bank's 2% goal. The Personal Consumption Expenditures Index rose 3.7%, in line with expectations, and down from 4.1% in May. On a core basis, which excludes volatile food and energy prices, PCE clocked in at 3.3%, also in line with expectations and down a tenth of a percentage point from 3.4% in May. Month over month, inflation cooled: Core PCE increased 0.1%, compared with expectations of 0.2% and down from 0.3% in May. The data comes after the Consumer Price Index in June dropped to 2.6% on a core basis, from 2.9%, as a near 10% decline in gasoline prices helped pull headline inflation down to 3.5%, from 4.2%. New York Fed President John Williams, the vice chair of t
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.