#USCorePCEMay The US Core PCE (Personal Consumption Expenditures) for May has been released, showing a 0.2% increase, slightly higher than expected. This rise brings the annual rate to 2.7%, surpassing the forecasted 2.6%. The implications of this data are ¹:
- *Impact on Monetary Policy*: The higher-than-expected PCE inflation rate may influence the Federal Reserve's decision on interest rates, potentially delaying rate cuts until September or later.
- *Market Reaction*: The market response has been cautious, with cryptocurrency sentiment remaining mixed.
*Key Points to Watch:*
- *Core PCE Inflation Rate*: 0.2% monthly increase, 2.7% annual rate
- *Market Expectations*: Slightly higher than expected, potentially affecting Fed decisions
- *Cryptocurrency Impact*: Mixed sentiment in the crypto market
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