#USCorePCEMay Fed's preferred inflation indicator — came in cooler than expected, signaling possible relief ahead. Slower inflation may give the Fed room to pause or even cut rates, which often boosts risk assets like cryptocurrencies. The U.S. 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*: Expected to rise by 0.1% month-over-month in May, matching April's growth rate.

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

This data is crucial as it is the Federal Reserve's preferred measure of inflation, influencing its interest rate decisions. The next PCE data release is scheduled for June 27, which seems inaccurate since today is June 27; a more accurate statement would be that the data was released today or that the May data was published on May 30 since last month's data is not available.