#PCEMarketWatch ๐ฅ PCE Inflation Report is in, and itโs moving markets:
๐ Headline PCE:
+0.2% MoM | +2.6% YoY (in line with expectations)
๐ Core PCE (Fed's favorite):
+0.2% MoM | +2.8% YoY (slight progress from April)
๐ฌ Key Takeaways:
Inflation is cooling gradually, but not fast enough for the Fed to rush a cut.
Markets still pricing in a September rate cut, but odds are shifting daily.
Consumer spending is showing resilience, but real income growth is flattening.
๐ Market Reaction:
๐ Yields ticked lower
๐ Stocks mildly higher on soft inflation print
๐ต Dollar pulling back slightly
๐ Eyes now on:
June FOMC Meeting
Jobs data next week
CPI mid-June
