#USCorePCEMay
The US Core Personal Consumption Expenditures (PCE) for May 2025 data was recently released.
Here's a recap:
* Release Date: June 27, 2025
* Core PCE Year-over-Year (YoY): +2.7% (vs 2.6% expected and 2.6% revised from 2.5% in April)
* Core PCE Month-over-Month (MoM): +0.2% (vs 0.1% expected)
* Headline PCE Year-over-Year (YoY): +2.3% (vs 2.3% expected and 2.2% in April)
* Headline PCE Month-over-Month (MoM): +0.1%
Market Implications:
The Core PCE is the Federal Reserve's preferred inflation gauge. The higher-than-expected core PCE figures for May 2025 suggest that inflation remains somewhat persistent, which could lead the Federal Reserve to maintain a cautious stance on interest rate cuts. This might be seen as a less dovish signal for the Fed than some market participants might have hoped for.