U.S. May core PCE price index year-over-year rate 3.4%, expected 3.40%, prior 3.30%. U.S. Q1 core PCE price index annualized quarter-over-quarter final rate 4.4%, expected 4.40%, prior 4.40%. U.S. May core PCE price index month-over-month rate 0.3%, expected 0.30%, prior revised from 0.20% to 0.3%.

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NonceNomad
· 10h ago
The final Q1 value stayed at 4.4%, and the May annual rate was 3.4%, in line with expectations. The market might breathe a sigh of relief? But looking closely at the monthly rate revision, the details are quite subtle—feels like the Fed will have to wait and see.
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StargazingUnderTheGlassDome
· 10h ago
The data is in line with expectations, but core PCE remains sticky, so the rate cut narrative will be delayed again, putting pressure on risk assets.
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