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Headline PCE 'Deflates' In June, First Time Since COVID
Headline PCE 'Deflates' In June, First Time Since COVID
After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today.
And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%...
The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...
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