🚨 The March PCE of the US has just been announced:

📌 Core PCE M/M: 0% (expected +0.1%, last month +0.4%)

Core PCE Y/Y: +2.6% (expected +2.6%, last month +2.8%)

📌 Headline PCE M/M: 0% (expected 0%, last month +0.3%)

Headline PCE Y/Y: +2.3% (expected +2.2%, last month +2.5%)

The Core PCE Y/Y of the United States has reached its lowest level since June of last year.

If calculated based on the monthly increase, Core PCE M/M is at its lowest since April 2020 (the lowest in 5 years).

PCE shows that American consumer demand is clearly weakening compared to the same period last year. The impact on import goods prices due to the strengthening DXY in the first 2-3 months of the year has also reflected on the May PCE.

The Fed will be quite pleased with this data; however, PCE also warns early that the US economy is clearly slowing down. US stocks have started to rally green.