June headline PCE falls 0.1% MoM, first decline since COVID

1. 1June headline PCE fell 0.1% month-over-month, posting its first deflationary reading since April 2020 following COVID.
2. 2Core PCE rose 0.1% MoM, missing the 0.2% estimate, while the year-over-year rate eased from 3.4% to 3.3%.
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.

Source MarketWatch +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →