The Federal Reserve's favored inflation indicator is about to be released! The month-on-month increase in core PCE for May is expected to remain moderate
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The core PCE price index favored by the Federal Reserve will be released on Friday, with economists expecting a 0.1% month-on-month increase in the core PCE for May, the same as the previous value; the overall PCE month-on-month increase is also expected to remain unchanged. Year-on-year, the core PCE is expected to rise by 2.6%, while the overall PCE is expected to rise by 2.3%. In addition, the month-on-month increases in personal spending and income are expected to be 0.2% and 0.3%, respectively. Analysts point out that inflation in the service sector may continue to soften, and fluctuations in used car prices will still exist
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