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What To Expect From Wednesday’s Report On Inflation

Economists will publish inflation data this week.Credit: Spencer Platt / Getty ImagesKey TakeawaysForecasters expect inflation to have decelerated slightly in July, with the Personal Consumption Expenditures price index rising 3.6% over the year.Core inflation is expected to remain at a 3.3% annual increase.Inflation in line with expectations would leave open the debate about whether the Federal Reserve should raise its key interest rate in September.The Federal Reserve’s favorite measure of inflation likely decelerated in July as a temporary dip in gasoline prices provided some relief to…

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