In June, the Personal Consumption Expenditures (PCE) index rose +2.6% compared to the same period last year - higher than the forecast (2.5%) and the previous month (2.3%).

The core PCE index (excluding volatile food and energy prices) recorded an increase of +2.8% compared to the same period last year - higher than expectations (2.7%) but unchanged from the previous month.

Additionally, May's PCE inflation was revised upward from +2.3% to +2.4%. The core PCE inflation for May was also revised upward from +2.7% to +2.8%.

👉The FED's preferred inflation measure is returning to an upward trend (increasing for 2 consecutive months and the highest since February 2025).

This data may make the FED's path to interest rate cuts bumpier as Powell emphasizes the need for more evidence of a sustainable decline in inflation towards the 2% target. #Write2Earn $BTC