IT’S RIGHT IN THIS AREA HERE NEAR THE PANHANDLE. IT’S HEADED OVER THIS WAY TOWARD LOUISIANA AND MISSISSIPPI. AND IF IT DROPS JUST A LITTLE BIT MORE TO THE SOUTH OVER THE REALLY WARM WATER HERE IN THE ...

The core PCE in the June report is forecast to rise 0.2% to 0.3% when it's released on July 29. Such an increase would be a bit too high to persuade most senior Fed officials to cut rates.