Thndr Claps » U.S. Claps » Economy 🏢 » Lowest annual PCE increase in more than a year 💪
The ClapThe core personal consumption expenditures (PCE) increased by 4.1% YoY in June 2023, less than analysts’ expectations for a 4.2% increase.
WhatOn 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 WhatThe PCE report provides yet another strong indicator that inflation is decreasing while the economy continues to grow.
Now WhatInvestors will be patiently waiting to see whether the Fed will hold rates steady given the reassuring results.
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