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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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Enes Kanter Freedom banned from home games of WNBA’s Chicago Sky, owner says, calling him “potential threat”

Chicago — The Chicago Sky have banned Enes Kanter Freedom from their home games after the former NBA center was ejected from Sunday’s loss to the Indiana Fever. Owner Michael Alter made the announcement in a rare news conference on Tuesday. Alter told reporters Freedom isn’t allowed in Wintrust Arena for Sky games “unless sometime…

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