PCE data JUNE 30

CrisisInvesting

Breaking: US Core PCE inflation falls to 4.6% vs. 4.7% expected
NEWS | 06/30/2023 12:37:09 GMT | By FXStreet Team
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Inflation in the US, as measured by the change in Personal Consumption Expenditures (PCE) Price Index, fell to 3.8% on a yearly basis in May from 4.3% in April, the US Bureau of Economic Analysis reported on Friday. This reading came in below the market expectation of 4.6%.

The increase in the annual Core PCE Price Index, the Federal Reserve's preferred gauge of inflation, edged lower to 4.6% from 4.7% in the same