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Josh Schafer's articles predominantly focus on the finance and economy, with a strong emphasis on investment analysis and data citations. Given this focus, he would likely be interested in pitches from experts who can provide unique insights into stock market trends, inflation, earnings reports and jobs data.
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Warsh said PCE, the personal consumption expenditures price index, remains the key inflation metric to watch with regard to the Fed's discussion of its 2% annual inflation target. But his answer came with a few caveats. "Who knows come after next January what we might say about that strategy?," War
Inflation slowed in June while economic growth also cooled in the second quarter of this year. Headline PCE, which includes food and energy, showed prices decreased 0.1% from the month prior, according to data released by the Bu
Even after stripping out the large drop in energy prices, the inflation picture still improved in June. Core PCE, which excludes food and energy costs, showed prices increased 0.1% from the month prior and 3.3% year over year. This compared to a 0.3% increase month-over-month and a 3.4% year-over-y
Personal income and consumer spending slowed in June after large increases the month prior. Consumer spending grew 0.3% in the month, a slowdown from the 0.9% increase seen the month prior. Meanwhile, personal income grew 0.2%, a sharp move lower from the 0.7% increase seen in May.
Inflation softened in June as the initial oil price spike from the Iran war subsided. Headline PCE, which includes food and energy, showed prices decreased 0.1% from the month prior. Over the prior year, prices increased 3.7%. In May, PCE rose 0.5% on the month and 4.1% on the year.Economists sur
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