US June Headline PCE Up 0.2% MoM vs. 0.1% Exp.

IconCryptoNewsTerminal Staff26 Jul, 2024

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US June Headline PCE Up 0.2% MoM vs. 0.1% Exp.

The US Bureau of Economic Analysis (BEA) reported that the US headline Personal Consumption Expenditures (PCE) Price Index rose by 0.2% month-over-month in June, exceeding market expectations of a 0.1% increase. The core PCE Price Index, which excludes volatile food and energy prices, is the Federal Reserve's preferred inflation gauge. This increase in inflation may lead to further interest rate hikes by the Fed in the coming months. ```

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