The U.S. core Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge excluding food and energy, rose 0.2% in July 2026. The annual core PCE rate remained at 3.3%, matching June, while overall PCE also increased 0.2%. Consumer spending was flat, and retail sales declined 0.6%, pointing to weaker demand despite persistent inflation. Bloomberg Markets reported that market pricing now indicates a lower likelihood of Federal Reserve rate cuts in the coming months. The Fed’s meetings through October 2026, comments from Fed Chair Kevin Warsh and other governors, future unemployment and non-farm payroll data, and any changes to the September 2026 FOMC Dot Plot will be closely watched for evidence of inflation moderation and shifts in monetary policy. The article also promotes live prediction-market analysis powered by Vera and invites readers to sign up for the service.