US June PCE inflation came in at 3.7%, with core PCE at 3.3%, still significantly above the Fed's 2.0% target.
Macro & Markets ·
US June PCE inflation came in at 3.7%, meeting expectations, while core PCE declined to 3.3%, marking the second highest reading since October 2024. Despite the slight improvement, inflation remains nearly double the Federal Reserve's 2.0% target.