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 ETF Surge: A Conversation with State Street’s Expert READ MORE Rising Economic Activity Challenges Central Bank Rate Cut Plans READ MORE Navigating Credit Card Debt Across the U.S.: A State-by-State Analysis READ MORE Fed's Hesitation on Rate Cuts Sends Oil Markets Downward READ MORE China Gold Reserves Grow for 18th Straight Month READ MORE Add a Comment Cancel replyYour email address will not be published.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