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 Powell's Pivot: Fed Likely to Adopt Tougher Stance as Inflation Climbs READ MORE Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade READ MORE South Korea's Reserve Bank Holds Back Amid Global Rush READ MORE State Street Global Advisors Says Gold Could Reach $2,400 READ MORE Inflation Has Shifted How Everyday Americans View the Economy READ MORE Add a Comment Cancel replyYour email address will not be published.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