#USCorePCEMay #USCorePCEMay The favorite inflation indicator of the U.S. Federal Reserve! đșđžđ”
The core Personal Consumption Expenditures data for May has been released - a key tool that the Fed monitors to determine interest rate trends đŠ đ
Result: the numbers were in line with expectations (or you can request a live update if you wish)
What is the core PCE?
It is a measure of inflation that excludes food and energy prices and shows how much prices paid by consumers have changed đ
Importance of the indicator:
Increase = possible tightening of monetary policy
Decrease = possible loosening of policy
Markets are now watching the Fed's reaction... Will we see an interest rate cut soon?