{"id":2017825,"date":"2023-08-31T08:45:01","date_gmt":"2023-08-31T12:45:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-ticked-up-to-3-3-in-july-in-feds-preferred-gauge\/"},"modified":"2023-08-31T08:47:12","modified_gmt":"2023-08-31T12:47:12","slug":"inflation-ticked-up-to-3-3-in-july-in-feds-preferred-gauge","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-ticked-up-to-3-3-in-july-in-feds-preferred-gauge\/","title":{"rendered":"July saw a rise to 3.3% in inflation, as per the Fed&#8217;s preferred gauge."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-ticked-up-to-3-3-in-july-in-feds-preferred-gauge%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2017825&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Inflation \u2062Rises to 3.3%: A\u200b Challenge for the Economy<\/h2>\n<p>Inflation has \u2064ticked up to a 3.3% annual rate\u200d in July,\u2063 according \u200cto the gauge favored by \u2064the Federal Reserve.\u200d This increase, reported by the Bureau of Economic Analysis, \u200baligns with\u2062 other \u2064indicators\u200d that show a slight \u2062uptick \u2062in inflation last month, despite \u200dthe Fed&#8217;s efforts \u2062to slow it down \u2062by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-reserve-delivers-bad-news-about-expectations-for-inflation-raising-interest-rates-report\/\" title=\"Federal Reserve Delivers Bad News About Expectations For Inflation, Raising Interest Rates: Report\">raising interest rates<\/a>.<\/p>\n<p>This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-should-brace-for-aggressive-sabotage-by-chinese-hackers-top-cybersecurity-official-says\/\" title=\"Top cybersecurity official warns of 'aggressive' Chinese hacker attacks, urges US to prepare.\">latest report reveals<\/a> that inflation\u2063 remains\u200d above the \u200ccentral\u2063 bank&#8217;s \u200btarget of 2% annual price growth.\u200d This is \u200cconcerning news for both the \u2062economy and the Biden administration, which has been highlighting positive economic developments as evidence\u2063 of \u200dthe success of \u200dtheir &#8220;Bidenomics&#8221; agenda.<\/p>\n<h3>Core PCE Inflation at 4.2%<\/h3>\n<p>When \u200bwe look at the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-ticked-up-to-3-3-in-july-in-feds-preferred-gauge\/\" title=\"July saw a rise to 3.3% in inflation, as per the Fed's preferred gauge.\">core\u200d personal consumption expenditures<\/a> (PCE) price index, which excludes\u2062 energy and food prices and is considered less volatile, we \u200bsee an even higher inflation \u200brate of 4.2% year-over-year.<\/p>\n<p>June&#8217;s \u200dinflation reports showed more significant declines than anticipated by economists, making this latest PCE news \u2064even more noteworthy.<\/p>\n<p>While \u200cPCE is the Fed&#8217;s preferred \u2064inflation gauge, the consumer price index (CPI) is the \u2064more commonly cited headline number.\u200b According\u2062 to the CPI, inflation stood at 3.2% in July.<\/p>\n<p>Despite the central bank&#8217;s efforts \u200cto <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/great-resignation-quits-remain-near-record-high\/\" title=\"Great Resignation: Quits Remain Near Record High\">tighten monetary policy<\/a>\u2064 and curb inflation, other economic indicators have surprisingly held \u200dup well. For example, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-official-trump-crushes-record-for-largest-gdp-increase-in-us-history-3rd-quarter-gdp-up-33-1\/\" title=\"IT'S OFFICIAL: Trump Crushes Record for Largest GDP Increase in US History -- 3rd Quarter GDP Up 33.1%\">gross domestic product<\/a> (GDP) growth\u200d remained positive, even though rate hikes typically dampen GDP growth.<\/p>\n<p>The government&#8217;s latest GDP estimates reveal \u2064a 2.1%\u2064 annual growth rate in the second quarter\u2063 of this year,\u200d following a first quarter \u2063with 2% \u200cexpansion. This is undoubtedly good news for\u200d the\u2062 economy.<\/p>\n<h3>Labor Market Strength and Signs of Slowdown<\/h3>\n<p>The labor market has also\u200d shown resilience, with 187,000 jobs added in July and an unemployment rate\u2063 of just 3.5%, an impressively low figure.<\/p>\n<p>However, the\u200c Job Openings\u2062 and Labor Turnover \u2064Survey released this week indicates \u200ba decrease in the number of job openings, reaching the lowest level in over two years at \u200d8.8 million. This suggests a potential \u200bslowdown in the labor \u200cmarket.<\/p>\n<p>Despite these challenges, it is \u200bcrucial to closely monitor inflation and its impact on the economy.\u200d To stay informed\u200b on this topic\u2062 and more,\u2062 <a href=\"https:\/\/www.washingtonexaminer.com\/\">click here to read more from The Washington\u200b Examiner<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In July, inflation rose to 3.3% annually, according to the Federal Reserve&#8217;s preferred gauge. The Bureau of Economic Analysis reported an increase in the personal consumption expenditures price index, aligning with other indicators that indicate a slight inflation uptick. This occurs as the Fed aims to curb inflation through its ongoing efforts.<\/p>\n","protected":false},"author":1,"featured_media":2017826,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2017825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2017825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2017825"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2017825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2017826"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2017825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2017825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2017825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}