Just as the market eagerly awaits the September meeting, although the possibility of interest rate cuts has diminished, the personal consumption expenditures (PCE) data, closely monitored by the Federal Reserve and regarded as a leading indicator of inflation, has been released.
Accordingly, the personal consumption expenditures data for June is as follows:
Core personal consumption expenditures price index (year-on-year) reported at 2.8% - expected 2.7% - previous value 2.7%
Core personal consumption expenditures price index (month-on-month) reported at 0.3% - expected 0.3% - previous value 0.2%
Personal consumption expenditures price index (year-on-year) reported at 2.6% - expected 2.5% - previous value 2.3%