Nick Timiraos: Core PCE increased by 0.25% month on month in July, with a 6-month annualized growth rate of 3.5%

Nick Timiraos stated on the X platform that core PCE increased by 0.25% month on month in July, with an annualized growth rate of 2.99%. The year-on-year growth rate of core PCE was 3.34%, with a 3-month annualized growth rate of 3.0% and a 6-month annualized growth rate of 3.5%.