Fed's preferred inflation gauge shows a modest rise in latest sign of slowing price increases
Shoppers pass a display of Halloween goods in a Costco warehouse Friday, Aug. 4, 2023, in Thornton, Colo. On Thursday, the Commerce Department issues its July report on consumer spending. (AP Photo/David Zalubowski)
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September....
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