🔔 #USCorePCEMay update:
• Core PCE +0.2% MoM, +2.7% YoY — hotter than 2.6% forecast
• Headline PCE +0.1% MoM, +2.3% YoY
• Personal income -0.4%, spending -0.1%
➡️ Inflation remains sticky & consumer demand is cooling. Fed rate cuts now seem unlikely before September.