U.S. Core PCE Expected to Rise 0.18% in June, Lowest Monthly Gain Since November: Timiraos

According to Nick Timiraos, a key Federal Reserve communications official, U.S. core PCE is projected to increase 0.18% month-over-month in June, with a 3.3% year-over-year gain—marking the lowest monthly advance since November. Overall PCE is forecast to decline 0.07% in June, bringing the 12-month change to 3.7%.
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