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July PCE inflation index held at 3.7% annual pace, slightly hotter than expected

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…

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Russian strikes on Kyiv resume after Witkoff, Kushner peace talks with Putin and Zelenskyy

At least two people were killed by Russian airstrikes on Kyiv Tuesday morning, city authorities said, as Moscow resumed strikes on Ukraine following a visit by President Trump’s envoys to both countries. Both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy had ordered a pause in fighting while Mr. Trump’s son-in-law, Jared Kushner, and…

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