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.
Biden Commutes Sentences Of Nearly 2,500 Non-Violent Drug Offenders
President Joe Biden has issued individual pardons and commutations to nearly 2,500 nonviolent drug offenders.