NEW YORK (Reuters) – The U.S. dollar acquired on Friday after information revealed a secret inflation step came in line with expectations, while individual costs and earnings increased, enhancing expectations that the Federal Reserve will like cut interest rates by a smallersized 25 basis points next month.
The individual intake expenses (PCE) rate index increased 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June, information revealed. In the 12 months through July, the PCE p