Reported over 1 year ago
The Federal Reserve's preferred inflation measure, the PCE Price Index, decreased slightly in May, reaching the lowest level in over three years. This could bolster the case for a rate cut in the autumn. Core prices rose 2.6% annually, matching expectations and marking the slowest increase since March 2021. Fed officials project only one rate cut by year-end, contrasting with market expectations of at least two cuts. Personal incomes in May increased by 0.5%, showing some stability in the labor market, while spending rose by 0.2%. The data release had minimal impact on stocks and bond yields.
Source: YAHOO