Inflation higher than expected, Fed’s preferred gauge shows
CNBC Television·2025-07-31 13:03
Welcome back to Squawkbox. Rick Santella here live on CME HQ with the breaking news of the morning. We have jobless claims, ECI, employment cost index, and personal income and spending.Let's start with income. Remember last month we took a ding minus 4/10en of a percent. That was weakest going back to the fall of 21.Rebounding up 3/10, a tenth better than expected. And that would comp well April we're up 7/10. Now let's look at personal spending up 3/10 a tenth light but a nice reversal before any revisions ...