US May core PCE 4.7% y/y vs 4.8% expected

• Prior was +4.9% y/y
• Core m/m +0.3% vs +0.4% expected
• PCE price index +0.6% vs +0.2% prior
• Price index y/y +6.3% vs +6.3% prior

Consumption:

• Personal income +0.5% vs +0.5% exp
• Real personal consumption -0.4% vs +0.7% prior (prior revised to +0.3%)
• Consumption adjusted +0.2% vs +0.4% expected
• Prior adj +0.9% (revised to +0.6%)

The US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term cooled on this release and the terminal rate on Fed fund futures is now just below 3.50%. The broader market is reluctant to buy into the 'peak 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' narrative but yields are sliding and US 10s are testing 3%.