PCE Inflation Cools but Core Pressure Stays High
The Fed's preferred inflation gauge cooled in June, with annual PCE inflation at 3.7%.
What happened
The Fed's preferred inflation gauge cooled in June, with annual PCE inflation at 3.7%.
Why it matters
Core PCE remained at 3.3%, above the Fed's 2% target, while lower energy prices helped pull the headline reading down.
What to watch
Watch next core PCE data release before the Fed's next decision.
Transcript
The Fed's preferred inflation gauge cooled in June, with annual PCE inflation at 3.7%. Core PCE remained at 3.3%, above the Fed's 2% target, while lower energy prices helped pull the headline reading down. Watch next core PCE data release before the Fed's next decision. FreshInsight delivers source-grounded finance briefs for market professionals. Source: The Wall Street Journal Not financial advice. For information and education only.
Primary sources
The Wall Street Journal
Distribution
YouTube / 4D2wvDnvWk4
Topics
interest-rates, fed, federal-reserve, finance-shorts, pce-inflation, core-pce, inflation-data, us-economy, economic-data, finance-news
Disclaimer
Information and education only. Not financial advice.