Reported 12 months ago
The latest data on the Federal Reserve's preferred inflation measure, the core Personal Consumption Expenditures (PCE) index, revealed that prices rose at the slowest pace since March 2021. In May, the core PCE index rose by 0.1%, in line with expectations and signaling a 2.6% increase over the previous year. This data, along with other promising May inflation prints, is giving consumers more confidence in inflation easing, but Federal Reserve officials remain cautious and are closely monitoring inflation's trajectory before considering changes in policy.
Source: YAHOO