#USCorePCEMay
📊 #USCorePCEMay Update: Inflation Still Sticky?
The Core PCE Price Index — the Fed’s preferred inflation gauge — held firm in May, signaling that inflationary pressures remain persistent. 💹
🔍 What’s the takeaway?
• Core PCE rose 0.1% MoM, slightly cooling but still above the Fed’s long-term comfort zone.
• Annual Core PCE came in at 2.6%, showing gradual progress but no green light for rate cuts just yet.
• Markets are now recalibrating expectations on Fed pivot timing — possibly later this year, if disinflation continues.
💼 Impact on markets:
• Stocks remain cautiously optimistic.
• Bonds saw slight relief.
• Crypto? Watching closely — a Fed pause could fuel risk-on sentiment. 🚀#USCorePCEMay