#FedPCEDataCameinLinewithExpectations

The inflation indicator most closely watched by the Federal Reserve was released: in line with expectations.
The core PCE, one of the most closely monitored inflation indicators by the Federal Reserve (Fed), rose as expected in May. The annualized core PCE increase in April was reported at 3.3%, and in May it was announced at 3.4%.
The war has led to a rise in global oil prices, making the core inflation indicator, which excludes energy and food costs, increasingly important. The "core Personal Consumption Expenditures (PCE)", a key inflation indicator for the Fed, rose as expected.
Highest level since October 2023...
The annualized increase in core PCE in May was 3.4%; the increase in April was 3.3%. The month-over-month increase was reported at 0.3%. The annualized PCE increase hit the highest level since October 2023. Meanwhile, the annualized increase in the overall PCE, which includes all prices, was reported at 4.1%; this number is the highest record since April 2023.
Although the Fed places great importance on PCE data, the core PCE, which presents a more stable picture over the long term, is of greater significance in this regard.