#PCEMarketWatch 🔥 PCE Inflation Report is in, and it’s moving markets:
📊 Headline PCE:
+0.2% MoM | +2.6% YoY (in line with expectations)
📉 Core PCE (Fed's favorite):
+0.2% MoM | +2.8% YoY (slight progress from April)
💬 Key Takeaways:
Inflation is cooling gradually, but not fast enough for the Fed to rush a cut.
Markets still pricing in a September rate cut, but odds are shifting daily.
Consumer spending is showing resilience, but real income growth is flattening.
📌 Market Reaction:
📉 Yields ticked lower
📈 Stocks mildly higher on soft inflation print
💵 Dollar pulling back slightly
👀 Eyes now on:
June FOMC Meeting
Jobs data next week
CPI mid-June
