đşđ¸ #USCorePCEMay Update
The May PCE Price Index rose 0.1% MoM, matching April â but YoY inflation ticked up to 2.3%. More notably, Core PCE (ex-food & energy) rose 0.2% MoM, pushing annual core inflation to 2.7%, slightly above Aprilâs 2.6%.
đ This reinforces concerns about sticky inflation, likely delaying Fed rate cuts and keeping markets on edge heading into Q3.