#USCorePCEMay

Release of the Federal Reserve's preferred inflation indicator data and markets react

A report released by the Bureau of Economic Analysis at the U.S. Department of Commerce on Friday indicated that consumer spending in the United States unexpectedly declined during May, as the impact of preemptive purchases made by households for goods like cars ahead of tariff impositions faded, while monthly inflation increases remained moderate.

The "Core Personal Consumption Expenditures" (PCE Core) index, which excludes food and energy costs and is a key indicator closely monitored by the Federal Reserve, rose by 2.7%, exceeding expectations and the recorded rate in April of 2.6%.

On a monthly basis, core prices increased by 0.2% in May compared to the previous month, while experts expected an increase of only about 0.1%, similar to the increase recorded in April.