#USCorePCEMay The favorite inflation indicator of the U.S. Federal Reserve! 🇺🇸💵

The core Personal Consumption Expenditures data for May has been released - a key tool that the Fed monitors to determine interest rate trends 🏦 📉

Result: the numbers were in line with expectations (or you can request a live update if you wish)

What is the core PCE?

It is a measure of inflation that excludes food and energy prices and shows how much prices paid by consumers have changed 📈

Importance of the indicator:

Increase = possible tightening of monetary policy

Withdrawal = possible easing of policy

Markets are now watching the Fed's reaction... Will we see a rate cut soon?