#USCorePCEMay the Fed’s preferred inflation gauge — came in cooler than expected, signaling potential easing ahead. Slower inflation can give the Fed room to pause or even cut rates, which often boosts risk-on assets like crypto. The US Core Personal Consumption Expenditures (PCE) Price Index for May is expected to show a slight increase. Here's what we know ¹:

- *Core PCE Price Index*: Forecast to rise 0.1% month-over-month in May, matching April's growth rate.

- *Year-over-Year Growth*: The core PCE inflation is set to tick higher to 2.6% in May from 2.5% in April.

- *Headline PCE Inflation*: Expected to increase to 2.3% year-over-year in May from 2.1% in April.

This data is crucial as it is the Federal Reserve's preferred measure of inflation, influencing their decisions on interest rates. The next PCE data release is scheduled for June 27 doesn't seem correct given today is June 27, a more accurate statement would be the data was released today or the data for May was released on May 30 for the prior month's data isn't available .