🇺🇸 US PCE Inflation Comes in Below Expectations
The latest U.S. inflation data came in softer than economists were expecting.
📉 PCE Price Index: 3.4% YoY
📊 Expected: 3.7%
Core PCE also came in below expectations, rising 0.2% month over month versus 0.3% expected.
Meanwhile, U.S. Q2 GDP was revised higher to 2.2%, compared with the earlier 1.5% estimate.
For markets, the combination of softer inflation and stronger economic growth gives traders plenty to watch as they look ahead to the Federal Reserve’s next moves.
#PCE #Inflation
The latest U.S. inflation data came in softer than economists were expecting.
📉 PCE Price Index: 3.4% YoY
📊 Expected: 3.7%
Core PCE also came in below expectations, rising 0.2% month over month versus 0.3% expected.
Meanwhile, U.S. Q2 GDP was revised higher to 2.2%, compared with the earlier 1.5% estimate.
For markets, the combination of softer inflation and stronger economic growth gives traders plenty to watch as they look ahead to the Federal Reserve’s next moves.
#PCE #Inflation
