The trimmed mean PCE inflation rate for July was an annualized 4.3 percent. According to the BEA, the overall PCE inflation rate for July was 7.9 percent, annualized, while the inflation rate for PCE excluding food and energy was 3.3 percent.
"Higher Minimum Wage Looms Large in Texas"—Texas labor markets are more affected by minimum wage increases than other large states because Texas has more workers earning close to the minimum wage.
"Texas Economy Feels National Pinch"—A slowing national economy has dampened the Texas economic outlook, but energy and trade remain bright spots for the state.
"On the Record: The Art and Science of Measuring Inflation"—Senior Economist Jim Dolmas explains various measures of core inflation, including the Dallas Fed's Trimmed Mean PCE.
"SpotLight: El Paso Medical School"—Along with new and expanded health care facilities, the medical school opening next year in El Paso could serve as a catalyst for bringing well-paying professional jobs to West Texas.
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