June headline PCE falls 0.1% MoM, first decline since COVID
- 1June headline PCE fell 0.1% month-over-month, posting its first deflationary reading since April 2020 following COVID.
- 2Core PCE rose 0.1% MoM, missing the 0.2% estimate, while the year-over-year rate eased from 3.4% to 3.3%.
- 3The Fed's preferred inflation gauge, core PCE, had been expected to slow after three months of price acceleration, and in fact decelerated more than anticipated.
This 3-line summary is compiled from the report below.
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