#FedPCEDataCameinLinewithExpectations

The inflation indicator most closely watched by the Federal Reserve has been released: in line with expectations.
One of the inflation indicators most closely monitored by the Federal Reserve (Fed), the core PCE, rose as expected in May.
The annualized core PCE growth rate was reported at 3.3% in April and announced at 3.4% in May.
The war has driven up 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.
The highest level since October 2023…
Core PCE saw an annualized increase of 3.4% in May; the increase in April was 3.3%. The month-over-month increase was reported at 0.3%.
The annualized PCE increase reached its highest level since October 2023.
At the same time, the annualized increase in the overall PCE, which includes all prices, was reported at 4.1%; this figure is the highest since April 2023.
Although the Fed attaches great importance to PCE data, the core PCE, which presents a more stable picture over the long term, is even more significant in this regard.