U.S. Inflation Rises More Than Expected In July As Spending Strengthens, Complicating Fed Rate Outlook - Tekedia

U.S. inflation rose more than expected in July, while consumer spending and income also exceeded forecasts.

Core PCE matched expectations, but elevated services prices and resilient demand underscored persistent inflation pressure.

The data reduced expectations for an imminent Federal Reserve rate cut, prompting cautious markets and higher Treasury yields.