#USCorePCEMay refers to the core Personal Consumption Expenditures (PCE) inflation data of the United States for the month of May. Here are some key points related to this data ¹:
- *Core PCE Inflation Rate*: Core PCE inflation rose 2.7% year-over-year in May, slightly above economists' estimates of 2.6%.
- *Monthly Change*: Core PCE inflation increased by 0.2% month-over-month in May, higher than the estimate of 0.1% and following a rise of 0.1% in April.
- *Overall PCE Inflation*: The overall PCE inflation rate rose 2.3% year-over-year in May, in line with estimates and following a rise of 2.2% in April.
- *Impact on Monetary Policy*: This inflation data is important because the Federal Reserve (Fed) uses PCE inflation as a key measure of inflation in its monetary policy decision-making. The rise in core PCE inflation could influence the Fed's decisions regarding interest rates.
