| News | Actual | Forecast | Previous | Min | Max | |
|---|---|---|---|---|---|---|
| USD | Core PCE Price Index YoY | 3.4% | 3.4% | 3.3% | 3.3% | 3.5% |
| USD | PCE Price Index YoY | 4.1% | 4.0% | 3.8% | 3.9% | 4.3% |
| Comments on Inflation |
|---|
| U.S. inflation rose again in May, climbing above 4.0% for the first time in three years as Middle East conflict lifted energy prices, keeping a Federal Reserve rate hike possible this year. |
| Fed’s Goolsbee said inflation remains well above target, with services prices a little disturbing, and policymakers need proof recent increases are temporary before deciding if inflation will stay persistent. |
| Philadelphia Fed prices paid index June 53.2 vs May 47.9 |
| Warsh signaled the Fed is firmly committed to delivering 2% inflation, will not change that target before reaching it, and sees policy and market prices as key inflation guides |
