European Investor
25 Jun 2026, 19:49
U.S. core inflation remained steady in May, with the Core Personal Consumption Expenditures (PCE) Price Index—the Federal Reserve's preferred inflation measure—matching market expectations.
The Core PCE Price Index rose 3.4% year-over-year, in line with forecasts and up slightly from 3.3% in April. On a monthly basis, core prices increased 0.3%, matching both expectations and the previous month's pace.
The data suggests underlying inflation remains persistent despite the Federal Reserve's restrictive monetary policy. While inflation has eased significantly from its peak, the latest reading indicates that price pressures continue to run well above the Fed's long-term 2% target.
The Core PCE Price Index rose 3.4% year-over-year, in line with forecasts and up slightly from 3.3% in April. On a monthly basis, core prices increased 0.3%, matching both expectations and the previous month's pace.
The data suggests underlying inflation remains persistent despite the Federal Reserve's restrictive monetary policy. While inflation has eased significantly from its peak, the latest reading indicates that price pressures continue to run well above the Fed's long-term 2% target.