Nick Timiraos(@NickTimiraos):The one-month annualized rise in the Dallas Fed trimmed mean PCE measure in June was 1.4%, the lowest since 2020. The 12-month increase was 2.2%, a five-year low. The New York Fed's "multivariate core trend" measure of inflation was 2.75% on the year ended June, vs 3% in May.

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

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Nick Timiraos@NickTimiraos

2026.07.31 20:32

The one-month annualized rise in the Dallas Fed trimmed mean PCE measure in June was 1.4%, the lowest since 2020. The 12-month increase was 2.2%, a five-year low. The New York Fed's "multivariate core trend" measure of inflation was 2.75% on the year ended June, vs 3% in May.