PCE Inflation Data Sets High Bar For Warsh's Jackson Hole Speech (Live Coverage)

The Federal Reserve's primary inflation gauge, the core PCE price index, showed no relief from price pressures ahead of Chairman Kevin Warsh's Friday speech at the annual Jackson Hole monetary policy symposium. Given that three Fed voters dissented from last month's decision to hold the benchmark interest rate steady, Warsh's ability to influence hawkish-leaning colleagues is in question. Unrounded, the core PCE price index rose 0.246%, just missing a rounding-up to 0.3%.