Core PCE inflation came in just as expected. It has been very tame for the last three months--but shouldn't think of them in isolation but as part of a noisy process where inflation was much higher before. Annual rates: 1 month: 2.2% 3 months: 1.7% 6 months: 2.9% 12 months: 2.7% pic.x.com/aC8vJYJWy1

The Cleveland Fed's calculation of the median PCE inflation rate for May was +0.22%, which annualizes to 2.6%. This was the lowest since July 2024. The 12-month reading was 3%, little changed from recent months. pic.x.com/xymIsvPuS9

Core PCE inflation was +0.18% in May. 12-month core prices rose 2.7% from 2.6% in April (and April was revised up from an initially reported 2.5%). Headline prices rose 0.14% in May. The 12-month reading ticked up to 2.3% (from 2.2% in April, revised up from 2.1%) pic.x.com/viQeYrI5Rl

🇺🇸 US Consumer Sentiment Climbs as #Inflation Expectations Improve - Bloomberg www.bloomberg.com/news/articles/2025-06-27/us-consumer-sentiment-climbs-as-inflation-expectations-improve pic.x.com/yafO3FcA7A