June PCE Falls 0.1% Month-Over-Month…Annual Rate Slows to 3.7%

1. 1The Fed's preferred inflation gauge, PCE, fell 0.1% month-over-month in June while rising 3.7% from a year earlier.
2. 2Core PCE came in at 0.1% month-over-month and 3.3% annually, with the monthly figure below the LSEG estimate of 0.2%.
3. 3Compared with May, the headline rate eased from 4.1% to 3.7%, and the core rate slowed from 3.4% to 3.3%.

Source The New York Times +1 · View original ↗

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