Summary: US core PCE price index up 0.2% in July, in line with expectations; annual rate steady at 2.6%; ANZ: affirms disinflation process, paves way for September Fed cut; Treasury yields rise; Fed rate-cut expectations soften but eight 25bp cuts priced in One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at the...