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People shop at a store in Elkridge, Md., on July 11, 2025. Madalina Kilroy/The Epoch Times
The Federal Reserve’s preferred inflation measure came in above economists’ expectations, potentially fueling concerns that tariffs are seeping into the economy.
In June, inflation in the annual personal consumption expenditure (PCE) price index rose to 2.6 percent from 2.4 percent in May, the Bureau of Economic Analysis reported. This is the highest level since February.
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