#USCorePCEMay The US Federal Reserve's favorite inflation indicator! 🇺🇸💵

The core Personal Consumption Expenditures data for May has been released-a key tool that the Fed monitors to determine interest rate trends 🏦 📉

Result: the numbers were in line with expectations (or you can request a live update if you like)

What is the core PCI

It is a measure of inflation that excludes food and energy prices and shows how much the prices paid by consumers have changed 📈

Importance of the indicator:

Rise = possible tightening of monetary policy

Retreat = possible easing of policy

The markets are now watching the Fed's reaction... Will we see an interest rate cut soon