Odaily Planet Daily reports that Nick Timiraos, a "Federal Reserve mouthpiece," stated: "Core PCE inflation appears to be deteriorating in June. It's no better than when the Fed began cutting interest rates last year, and by some measures, even worse." The three-month annualized rate for the core PCE price index in June was 2.6% (compared to 2.3% in the same period last year). On a six-month annualized basis, the figure was 3.2% (compared to 3.3% in the same period last year). (Jinshi)