Final Week of Q2 to Feature Fed's Preferred Inflation Measure In the final trading week of the month, quarter, and first half of 2024, investors will focus on key inflation data and select corporate earnings. The Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation measure, is expected to show a 0.1% rise in core prices for May, marking the slowest monthly increase since last November. Annual core PCE inflation is projected to be 2.6%, the lowest since March 2021. Earlier CPI data indicated cooling inflation, reinforcing expectations of a Fed rate cut later this year. Earnings reports from FedEx, Micron, and Nike will also be key highlights. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Jobless Claims Drop Unexpectedly, Signaling Resilient Labor Market READ MORE ZeroHedge: Rothschild Family Ventures Into Bitcoin READ MORE Economic Confidence at Odds: Strong Indicators vs. American Pessimism READ MORE China Dumps Record Amount of US Debt Amid Strategic Diversification READ MORE Gold Eyes Second Weekly Gain Amid U.S. Rate-Cut Hopes READ MORE Add a Comment Cancel replyYour email address will not be published.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