---
title: "US PCE inflation hits a three-year high, dampening expectations for interest rate cuts; Stock Connect (for Hong Kong) saw a net outflow of 8.874 billion yuan on Thursday"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42225995.md"
description: "Market Review: The US May PCE price index rose 4.1% year-on-year, with the core PCE up 3.4% year-on-year, hitting a three-year high. The May Personal Consumption Expenditures (PCE) price index increased by 4.1% year-on-year, the highest level since April 2023. Excluding food and energy, the core PCE rose 3.4% year-on-year, reaching the highest level since October 2023. Real consumer spending, adjusted for inflation, grew 0.3% month-on-month, indicating that US consumers maintained relatively strong spending willingness despite high prices..."
datetime: "2026-06-26T04:03:02.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42225995.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42225995.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42225995.md)
author: "[真灼财经](https://longbridge.com/en/profiles/1067948.md)"
---

# US PCE inflation hits a three-year high, dampening expectations for interest rate cuts; Stock Connect (for Hong Kong) saw a net outflow of 8.874 billion yuan on Thursday

Market Commentary

US May PCE price index rose 4.1% year-on-year, core PCE rose 3.4% year-on-year, hitting a three-year high. The May Personal Consumption Expenditures (PCE) price index increased 4.1% year-on-year, the highest level since April 2023. Excluding food and energy, core PCE rose 3.4% year-on-year, the highest level since October 2023. Inflation-adjusted real consumer spending increased 0.3% month-on-month, indicating that US consumers maintained strong spending willingness despite high prices.

Southbound Stock Connect recorded a net outflow of HKD 8.874 billion on Thursday. Among them, Kingboard Holdings Limited (00148.HK) saw the largest inflow, reaching HKD 2.831 billion; followed by Semiconductor Manufacturing International Corporation (00981.HK) with a net inflow of HKD 2.637 billion. Tracker Fund of Hong Kong (02800.HK)$TRACKER FUND(02800.HK)  recorded the largest net outflow, at HKD 4.379 billion; followed by Alibaba W (09988.HK)$BABA-W(09988.HK) , with a net outflow of HKD 2.252 billion.

Source: KGI Securities

### Related Stocks

- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [89988.HK](https://longbridge.com/en/quote/89988.HK.md)
- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [00148.HK](https://longbridge.com/en/quote/00148.HK.md)
- [00981.HK](https://longbridge.com/en/quote/00981.HK.md)
- [688981.CN](https://longbridge.com/en/quote/688981.CN.md)
- [82800.HK](https://longbridge.com/en/quote/82800.HK.md)
- [02800.HK](https://longbridge.com/en/quote/02800.HK.md)
- [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md)
- [BABO.US](https://longbridge.com/en/quote/BABO.US.md)
- [BABX.US](https://longbridge.com/en/quote/BABX.US.md)
- [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md)
- [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md)