Consumer prices remain flat in June

The PCE Price Index, Fed's preferred indicator for gauging inflation, remained steady in June, fresh data showed on Tuesday. Excluding food and energy, the Index rose 1.6% year-over-year in June, unchanged from the previous month and in line with expectations. Month-over-month, the core PCE jumped 0.1% in the reported month, down from the 0.2% rise seen in May.