The U.S. is bracing for one of the most important economic reports of the summer. On Friday, the July PCE index — the Fed’s preferred inflation gauge — could show inflation hitting 2.9%, with the potential to cross 3% for the first time in 18 months.
Fed Chair Jerome Powell has already hinted at a shift in focus from inflation to the jobs market, raising big questions about the path of interest rate cuts. But the picture is far from simple: tariffs are clouding trade, services inflation remains stubbornly high, and a temporary boost from auto sales may not last.
In this episode of Finance Pulse, we break down:
- What the PCE numbers mean for inflation trends
- How Powell’s pivot toward jobs could reshape Fed policy
- The risks, tariffs, and services pose a threat to disinflation
- What investors should watch in the coming months
Stay tuned as we unpack whether the Fed is entering a new phase of monetary policy — and what it means for markets, growth, and your money.
