June PCE Falls 0.1% Month-Over-Month…Annual Rate Slows to 3.7%
- 1The Fed's preferred inflation gauge, PCE, fell 0.1% month-over-month in June while rising 3.7% from a year earlier.
- 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%.
- 3Compared with May, the headline rate eased from 4.1% to 3.7%, and the core rate slowed from 3.4% to 3.3%.
This 3-line summary is compiled from the report below.
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