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Thndr Claps » U.S. Claps » Economy 🏢 » Lowest annual PCE increase in more than a year 💪

Lowest annual PCE increase in more than a year 💪

by Omar El Shorafa
July 31, 2023

The Clap
The core personal consumption expenditures (PCE) increased by 4.1% YoY in June 2023, less than analysts’ expectations for a 4.2% increase.

What
On a monthly basis, core PCE increased by 0.2% in June. 

Headline PCE recorded a monthly increase of 0.2% in June and an annual increase of 3%, down from 3.8% in May.

So What
The PCE report provides yet another strong indicator that inflation is decreasing while the economy continues to grow.

Now What
Investors will be patiently waiting to see whether the Fed will hold rates steady given the reassuring results.

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