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The latest inflation figures from the U.S. show a consistent trend with market predictions. The Personal Consumption Expenditures (PCE) Price Index for July increased by 0.2% month-over-month, aligning perfectly with forecasts and slightly up from June's 0.1%. Year-over-year, the PCE Price Index held steady at 2.5%, matching last month’s performance but just shy of the 2.6% estimate. The Core PCE Price Index, which excludes volatile food and energy prices, also rose by 0.2% month-over-month, in line with expectations. Annually, Core PCE registered a 2.6% rise, consistent with June’s figure but slightly below the anticipated 2.7%.
This means US is showing some strength this time or it's just another fake data to prove a political point??
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