VGLT - PCE Inflation Rises 2.5% In June As Expected

2024-07-27 00:52:00 ET

Summary

• The BEA's Personal Income and Outlays report revealed inflation cooled further in June, dropping to its slowest pace in four months.
• The PCE price index (the Fed's favored measure of inflation) was up 0.1% from May and up 2.5% year-over-year.
• The latest core PCE price index (excluding food and energy) was up 0.2% month-over-month, as expected.

The BEA's Personal Income and Outlays report revealed inflation cooled further in June, dropping to its slowest pace in four months. The PCE price index, the Fed's favored measure of inflation, was up 0.1% from May and was up 2.5% year-over-year. Both readings were consistent with their respective forecasts....

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