The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, showed a significant easing in May. The core PCE price index, which excludes volatile food and energy prices, rose by 2.6% over the past 12 months, down from 2.8% in April. This marks the lowest annual increase since March 2021. FactSet anticipated this decline, which represents a 20-basis point drop from the prior month. On a month-to-month basis, core PCE inflation increased by 0.08%, slightly below the expected 0.1%. The overall PCE price index remained flat at 0% month-on-month. Economists see this as a positive sign, potentially supporting the Federal Reserve's case for lowering interest rates later this year. The 12-month core PCE is the official Fed inflation target, and this 2.6% reading is the lowest in 38 months.
The Federal Reserve’s preferred inflation gauge rose 2.6% in May from a year ago, a sign that price pressures could be moderating https://t.co/cHZLGztn6q
WASHINGTON (AP) — Federal Reserve's preferred inflation gauge shows price pressures easing further.
The Federal Reserve’s preferred measure of underlying US inflation decelerated in May, bolstering the case for lower interest rates later this year. https://t.co/y7MiQwmh1V
🚨 May PCE inflation data came in roughly as expected. https://t.co/r2qf4SPhYC
Federal Reserve’s preferred inflation gauge shows price pressures easing further https://t.co/S300UuMUez
Core PCE was 0.08% in May (Jan-Apr figures were revised up a tiny bit). This lowered the 12-month rate to 2.6%, the lowest since early 2021. The 6-month annualized rate held steady at 3.2% The 3-month annualized rate was to 2.7%, the lowest since December. https://t.co/lQQihQJUuh https://t.co/E6l2OtX90R
The latest reading of the Fed's preferred inflation gauge showed inflation eased in May as prices increased at their slowest pace since March 2021. The core PCE index rose 0.1 % in May from the prior month, in line with Wall Street's expectations and slower than the 0.3%… https://t.co/Nu2zKJyovV
JUST IN: 🇺🇸 US core #PCE price index in May shows an annual increase of 2.6%, matching expectations and down from 2.8% in April. This is the smallest annual rise since March 2021. Monthly increase is 0.1%, the lowest since November 2023.
The annual rate of the core PCE price index in May was 2.6%, expected to be 2.60%, and the previous value was 2.80%. The annual rate of the US core PCE price index in May was the smallest increase since March 2021. The monthly rate of the US core PCE price index in May was 0.1%,…
May core PCE inflation m-o-m = +0.08%. https://t.co/D0QMFqGa5B
PCE inflation came in even lower than you would have expected from the CPI/PPI earlier this month. Core PCE was up 0.08% and overall PCE actually fell 0.01%. Core at an annual rate: 1 month: 1.0% 3 months: 2.7% 6 months: 3.2% 12 months: 2.6% https://t.co/IhcYBq7RKC
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. https://t.co/2xlLl1aOEY https://t.co/pKoVuYlGIX
The May PCE price index came in soft at -0.08% m/m, continuing the string of weak inflation reports for the month. Core PCE inflation was also soft at 0.08% m/m, down from a slightly upwardly revised 0.26% (0.25% prior). The breadth of the disinflation was widespread and this… https://t.co/qapYqzmTiL
🇺🇸The measure of the core PCE price index favored by the Federal Reserve showed a slowdown in May, supporting the Fed's potential rate cut later this year. Excluding volatile food and energy items, the core PCE index rose by 0.1% m/m, marking the smallest increase in nearly six… https://t.co/S6BuGbiBUf
🚨🚨U.S. inflation slows as expected to 0.0% month-on-month in May The headline personal consumption expenditures price index slowed to 0.0% on a monthly basis, down from a rise of 0.3% in April. In the 12 months to May, the figure also cooled to 2.6% from 2.7%. Meanwhile,…
#Fed's favorite inflation gauge rose 2.6% in May from a year ago, as expected
May PCE is Roaring 2020s: Real disposable personal income +0.5% m/m Real personal consumption +0.3% m/m PCE price index: +0.0% m/m (actually fell a bit), 2.6% y/y Core PCE: +0.1% m/m, 2.6% y/y https://t.co/rio3IdS07L
May #PCE inflation, the Fed's preferred inflation measure, fell to 2.6%, in-line with expectations of 2.6%. 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.
Headline PCE inflation comes in at 0% MM in May (actually ever so slightly declined at the second decimal). Core PCE comes in at 0.08% MM, a soft version of meeting 0.1% expectations. YY core PCE inflation is now 2.6%. https://t.co/RANsZe8xBU
BREAKING: May PCE inflation, the Fed's preferred inflation measure, fell to 2.6%, in-line with expectations of 2.6%. 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.
PCE today, Economists predict that the Fed’s preferred inflation measure, the core PCE Price Index, decelerated to an annualized rate of 2.6% last month, down from 2.8%. We will know shortly
12-month Core PCE is the official Fed inflation target. Their target is 2.00%. It is projected to come in tomorrow at 2.60%, which, if so, would be the lowest reading in 38-months and a 20-bps drop from last month. https://t.co/h85ttuPx1f
PCE Friday expectations are 2.6% over the past 12 months, down from 2.7% in April. FactSet anticipate core PCE, which excludes volatile food and energy prices, to have risen by 2.6% last month from the year-earlier period, down from 2.8% in the prior month.