📊 #USCorePCEMay | Core inflation in America cools down, is it time to ease monetary policy?

The Core Personal Consumption Expenditures (PCE) index for May came in line with expectations at a monthly increase of 0.1 percent and an annual rate of 2.6 percent.

This is the slowest rate since March 2021, which boosts investors' hopes for the first interest rate cut from the Fed.

💡 Why does this indicator matter?

It is the Fed's preferred measure of inflation.

It gives direct signals on the upcoming interest rate path.

The decline in inflation supports risk appetite in the markets, including digital currencies.

📉 Market Reaction

The dollar index has slightly declined.

Gold rose above 2330.

Bitcoin maintained its trading near 61 thousand dollars with an attempt to rebound.

👀 Coming up, the markets are awaiting U.S. labor market data this week to confirm the path.

Any weakness in employment may prompt the Fed to accelerate the decision to cut interest rates.