US June core PCE 4.8% vs. 4.7% expected

• Prior report was 4.7%
• Core PCE price index
• Core ex food and energy month-to-month 0.6% vs. 0.5% estimate. Last month 0.3%
• PCE price index 1.0% vs 0.6% last month
• Price index YoY 6.8% vs the same month last year of 6.3%
• prices for goods increase 1.5%
• prices for services rose 0.6%
• food prices increase 1%
• energy prices increased 7.5%

The data is hotter than expected and a negative for the rate expectations (all things being equal).

Combined with the personal income and consumption, the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term numbers are not great