The core PCE month-on-month rate in the United States rose at the slowest pace in six months

On June 28th, Jin10 Data reported that the measure of potential inflation favored by the Federal Reserve slowed in May, supporting the Fed’s interest rate cut later this year. The core PCE rate, which excludes volatile food and energy projects, rose by 0.1% in May, the smallest increase in six months. The US core PCE price index rose by 2.6% year-on-year in May, the lowest level since early 2021. After adjusting for inflation, real personal consumption expenditures rose by 0.3% monthly, while personal income rose by 0.5% monthly.