inflation
July 2026 PCE: Inflation Stubborn, Incomes Rose, Spending Stalled
Underlying inflation didn't budge — and core PCE landed almost exactly where our producer-price nowcast said it would. Key Takeaways * Income outran spending. Disposable income rose 0.5% in July (0.4% after inflation) while spending was essentially flat, so the saving rate ticked up to 3.0%