Core PCE Remains Above Fed Target Despite Slight Moderation in Inflation The May 2024 economic data shows a mixed picture of the U.S. economy. While inflation, as measured by the PCE price index, rose 2.6% year-over-year, meeting expectations, personal income and spending saw modest increases. The Core PCE, excluding food and energy prices, also rose 2.6% annually, indicating persistent inflationary pressures. Despite these challenges, real consumer spending grew, suggesting continued economic expansion, albeit at a moderate pace. These figures present ongoing challenges for policymakers as they balance growth with inflation control. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Soars to New Heights as Fed Rate Cut Hopes Intensify READ MORE Higher Inflation Challenges South Africa's Economic Stability READ MORE Fed's Goolsbee Says Central Bank Will 'Fix' the Economy READ MORE Gold Prices Rebound Slightly, Investors Eye Fed's Preferred Inflation Gauge READ MORE Japan's Central Bank Shifts Gears: Interest Rates Up, Bond Purchases Down READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment