US Q2 Core PCE

The US Q2 Core PCE (Personal Consumption Expenditures) annualized QoQ came in at 2.6%, above market expectations. This data measures the underlying inflation trend by excluding volatile food and energy prices, and it suggests that inflation pressures remain persistent despite Fed policy measures. Economists warn that sustained Core PCE above target may limit the Federal Reserve’s flexibility for aggressive rate cuts. Investors reacted cautiously, weighing the implications for interest rates and equity markets. Strong PCE readings often influence bond yields and market sentiment, as they are a primary gauge for Fed monetary policy decisions.
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