US PCE price index unchanged at 6.3% yoy, core PCE slowed to 4.7% yoy

US personal income rose 0.5% mom, or USD 113.4B, in May, matched expectations. Personal spending rose 0.2% mom, or USD 32.7B. For the month, PCE price index rose 0.6% mom while core PCE price index rose 0.3% mom. For the 12-month period, PCE price index was unchanged at 6.3% yoy while core PCE price index […]

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