msn.com
<p>The Federal Reserve’s preferred measure of inflation held steady in June, data indicated Friday, but softening trends in income and spending will likely cement the case for an autumn rate cut. </p><p>The Bureau of Economic Analysis’ PCE Price Index report showed core prices rose at an annual rate of 2.6% last month, matching last month’s reading but coming in modestly higher than Wall Street’s 2.5% forecast. </p><p> Core pressures, which strip away volatile food and energy prices, were up 0.2…
9 months ago