US core PCE inflation accelerated to 2.7% yoy in May, above expectations of 2.6% yoy and up from an upwardly revised 2.6% yoy in April. The Headline PCE index also edged higher from 2.2% yoy to 2.3% yoy as expected. While the inflation print highlights persistent price pressures—particularly in core categories—consumption data painted a weaker […]
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