The Fed’s preferred inflation indicator is out Friday. Here’s what to expect

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The Commerce Department at 8:30 a.m. ET Friday will release its personal consumption expenditures price index. For the July reading, the Dow Jones consensus sees little change in recent trends — 0.2% monthly increases in both headline and core prices, and respective gains of 2.5% and 2.7% annually. The report could influence the September rate decision even as policymakers appear to have their focus elsewhere these days.

Federal Reserve officials will get the latest look at their favorite inflation indicator Friday, a data snapshot that could influence the September rate decision even as policymakers appear to have their focus elsewhere these days.

The Commerce Department at 8:30 a.m. ET will release its personal consumption expenditures price index, a sprawling measure of what consumers are paying for a variety of goo …

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