#USCorePCEMay Release of the preferred inflation gauge data by the US Federal Reserve and the markets react

A report issued by the Bureau of Economic Analysis at the US Department of Commerce on Friday showed that consumer spending in the United States unexpectedly fell during May, as the impact of preemptive purchases made by households for goods such as cars before the imposition of tariffs faded, while monthly inflation increases remained moderate.

The "Core Personal Consumption Expenditures" (PCE Core) index, which excludes food and energy costs and is a key indicator closely monitored by the Federal Reserve, recorded an increase of 2.7%, surpassing expectations and the recorded rate in April of 2.6%.

On a monthly basis, core prices rose by 0.2% in May compared to the previous month, while experts had expected an increase of about 0.1%, similar to what was recorded in April.