#USCorePCEMay
The US Core PCE inflation for May hit 2.7%, slightly above the expected 2.6%. This is the highest level since February and indicates persistent price pressure across services and goods. The Personal Consumption Expenditures Price Index rose 0.1% month-over-month, keeping the annual inflation rate at 2.3%. This data might delay Fed rate cuts, potentially pushing them to September or beyond. The news has caused some market volatility, with the US Dollar Index edging lower. Experts like Robert Ruggirello suggest this stronger-than-expected inflation could mean higher prices from tariffs are kicking in ¹ ² ³.