July PCE rose 3.7%, BEA to revise data on September 30
- —July PCE: +3.7% year-on-year, core PCE: +3.3%
- —Monthly growth of headline and core PCE was 0.2%
- —BEA to revise data from Q1 2021 to Q1 2026 on September 30
- —Fed to decide on rates at FOMC on September 15–16
Why it matters: The PCE data revision could change the inflation assessment the Fed uses for its rate decision.
Source: TokenPost