PCE Price Index drops today!

The Fed’s favorite inflation gauge — the PCE Price Index — is set to be released today.

This May reading is the first real look at how Trump’s tariff policies are impacting inflation, making it a key data point for markets.

However, Wall Street warns: even if the numbers come in soft, don’t get too bullish or fully price in a September rate cut. Tariff-driven inflation is expected to intensify between June and October.

If today’s data surprises to the upside, risk assets could take a hit as fears of tariff-fueled inflation grow. Stay sharp. 👀