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1. PCE inflation update
2. Fed preferred inflation measure
3. Decline in headline and Core PCE inflation
BREAKING: May PCE inflation, the Fed's preferred inflation measure, fell to 2.6%, in-line with expectations of 2.6%.
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Core PCE inflation fell to 2.6%, in-line with expectations of 2.6%.
Both headline and Core PCE inflation declined last month.
Another welcomed sign by the Fed.
The May PCE inflation, the Fed’s preferred measure, dropped to 2.6%, meeting expectations. Core PCE inflation also decreased to 2.6%, aligning with forecasts. This decline in both headline and Core PCE inflation signals a positive development for the Fed. This data indicates that inflation is under control and may alleviate concerns about rising prices. Overall, this news is likely to be well received by policymakers and economists as it suggests that the economy is on a stable path. Stay tuned for more updates on economic indicators and their impact on the market.
BREAKING: May PCE inflation, the Fed’s preferred inflation measure, fell to 2.6%, in-line with expectations of 2.6%.
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Core PCE inflation fell to 2.6%, in-line with expectations of 2.6%.
Both headline and Core PCE inflation declined last month.
Another welcomed sign by the Fed.
— The Kobeissi Letter (@KobeissiLetter) June 28, 2024
Related Story.
In a recent update on Twitter, The Kobeissi Letter reported that May PCE inflation, the Federal Reserve’s preferred measure of inflation, fell to 2.6%, which was in line with expectations. This news comes as a relief to many, as both headline and Core PCE inflation decreased last month.
The Federal Reserve closely monitors inflation data to make decisions about monetary policy, including interest rates. A lower inflation rate can indicate that the economy is not overheating, which could lead to a more stable economic environment.
Core PCE inflation, which excludes volatile food and energy prices, also fell to 2.6%, aligning with expectations. This measure provides a more accurate picture of underlying inflation trends, as it removes the impact of temporary price fluctuations.
The fact that both headline and Core PCE inflation declined last month is a positive sign for the Federal Reserve. It suggests that inflationary pressures are not increasing at a rapid pace, which could give the central bank more flexibility in its future policy decisions.
Overall, this update on inflation is a welcomed sign by the Fed, as it indicates that the economy is not experiencing runaway inflation. This news could potentially influence the Federal Reserve’s future actions, such as interest rate adjustments, to ensure that inflation remains under control.
It is essential to stay informed about economic indicators like inflation, as they can have a significant impact on financial markets and the overall economy. Keeping an eye on updates from reliable sources, such as The Kobeissi Letter, can help individuals and businesses make informed decisions about their finances.
For more information on the latest economic updates, be sure to follow The Kobeissi Letter on Twitter and check their website for additional analysis and insights. Stay tuned for future updates on inflation and other important economic indicators that could shape the financial landscape in the coming months.
