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 A Rare Kennedy Book: Will RFK Jr. Sign It at Limitless? READ MORE Powell Warns of Extended High Interest Rates in Face of Persistent Inflation READ MORE In Gold We Trust, Own Silver We Must READ MORE Inflation No Match for Coca-Cola's Global Demand in Q2 Earnings READ MORE Analysts Predict Further Gains for Precious Metals Amid Strong Chinese Demand READ MORE Add a Comment Cancel replyYour email address will not be published.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