#USCorePCEMay 📊 Key Figures

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💵 Broader Context

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🏦 Implications for the Fed

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🔍 Bottom Line

While headline inflation remains benign, the slightly elevated core PCE indicates underlying price pressures. Softness in income and spending adds nuance, making the Fed cautious—it’s unlikely to pivot aggressively until tariffs' full impact becomes clearer and economic momentum firm-ups.

Would you like a breakdown of how this compares to CPI, or projections for June/July readings?