#USCorePCEMay

📊 Economic Data (United States): Core Personal Consumption Expenditures (PCE) Price Index

🔹 Monthly (May):

• Actual: 0.2% 🟢

• Expected: 0.1%

• Previous: 0.1%

🔹 Yearly (May):

• Actual: 2.7% 🟢

• Expected: 2.6%

• Previous: 2.6%

📝 Translation and Interpretation:

The data came in higher than expected on both the monthly and annual levels, indicating that core inflation remains relatively high. This may reduce the likelihood of an interest rate cut by the Federal Reserve soon, as it indicates continued inflationary pressures.