In July, the PCE Inflation Index rose by 2.5%, slightly below the forecasted 2.6% and up 0.2% from June. This slower-than-expected inflation may lead the Fed to consider lowering interest rates in September.
Gaetz Announces He Won’t Return To Congress Next Year
Florida Representative Matt Gaetz , who withdrew from consideration as President-elect Donald Trump’s pick for Attorney General on Thursday, said on Friday that he will not be rejoining Congress next year.