None
EN
PCE inflation cools more than expected in June, muddying the Fed’s policy path
['Luke Baynes', '.Pp-Multiple-Authors-Boxes-Wrapper.Pp-Multiple-Authors-Layout-Boxed.Multiple-Authors-Target-The-Content .Pp-Author-Boxes-Avatar Img', 'Width', 'Important', 'Height', 'Border-Radius', '.Pp-Multiple-Authors-Boxes-Wrapper.Pp-Multiple-Authors-Layout-Boxed.Multiple-Authors-Target-The-Content .Pp-Author-Boxes-Meta A', 'Background-Color', 'Color', 'Ffffff']
Scotsman Guide
PCE inflation rose 3.7% over the 12 months ending in June, a decline from May’s 4.1% mark and also lower than April’s 3.8% reading.
Core PCE, which omits volatile food and energy prices, increased 3.3% from a year ago versus 3.4% annual growth in May.
Both headline and core PCE clocked in slightly below consensus estimates.
Economists polled by FactSet had predicted a 3.8% annual gain in the overall price index and a 3.4% rise in core PCE.
On a monthly basis, headline PCE ticked down 0.1% from May while core PCE increased 0.1%.