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 Five Key Trends Shaping the Global Commodities Landscape This Week READ MORE Gold Prices Ease After Record Surge Amid Middle East Strife READ MORE Florida Real Estate Falls As Homebuyers Deterred by Higher Insurance Costs READ MORE Falling Retail Sales Drive Treasury Yields Down, September Rate Cut Likely READ MORE Massive Student Debt Strike Amid Loan Repayment Challenges READ MORE Add a Comment Cancel replyYour email address will not be published.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