2.9 % has risen up since February

Higher enlargement increased in July, according to Federal Reservethe favorite Economic inflation Management, which indicates that the president Donald TrumpThe customs duties are identified on their way through the American economy.

the Personal consumption expenses index Show this heart Inclusion of inflation, which excludes food and energy costs, at an annual rate of 2.9 %, according to the Ministry of Commerce report on Friday. This increased by 0.1 percentage points from the June level and the highest annual average since February, although it is in line with Dow Jones’s unanimous expectations.

On a monthly basis, the main PCE index increased by 0.3 %, as well as in line with expectations. The index of all annual average elements showed 2.6 % and the monthly gain by 0.2 %, which also reaches consensus expectations.

The Federal Reserve uses the PCE price index as the initial prediction tool. Although he watches both numbers, policy makers consider the basic inflation a better indication of long -term directions because it excludes gas numbers and volatile groceries.

Central bankers target 2 % inflation, so Friday’s report shows that the economy is still a distance from where the Federal Reserve feels comfortable.

However, the markets expect that the Federal Reserve will resume the standard interest rate when policy makers spend next month. Federal Reserve Governor Christopher Walier reiterated his support to reduce a speech on Thursday, saying that he would enjoy a greater movement if the labor market data continues to be weak.

“The Federal Reserve has opened the door to evaluate the discounts, but the size of this opening will depend on whether the labor market is still a bigger risk of high inflation,” said Ellen Zintner, the chief economic strategy of the Morgan Stanley Wealth Management. “The PCE price index will maintain the line today to focus on the job market. At the present time, the possibilities still prefer to reduce September.”

In April, Trump has imposed a 10 % basic offer on all imports, and since then, he has made the so -called mutual definitions on multiple commercial partners and slapping duties in individual commodities as well. In addition, the White House canceled exceptions to the goods of less than $ 800.

Along with inflation movements, consumer spending increased by 0.5 % a month, in line with expectations and indication of strength despite high prices. Personal income accelerated by 0.4 %, and assembled a report that all numbers set the consensus expectations.

stock market Negativ futures remainedE after the release while the cabinet made gains.

The inflation numbers in the selection were determined by an annual decrease of 2.7 % in the prices of energy commodities and services. Food prices increased by 1.9 % from last year. The balance also tends to the prices of services, which jumped by 3.6 %, compared to only 0.5 % in the goods.

On a monthly basis, the energy was from 1.1 % and the food decreased by 0.1 %. Services prices increased by 0.3 %, mainly represented by all monthly increase, as goods decreased by 0.1 %.