U.S. June Core PCE Price Index Rises 2.6% YoY, Slightly Above Expectations, Lowest Since March 2021

June Core PCE Price Index(YoY): 2.6%, [Est. 2.5%, Prev. 2.6%]
June Core PCE Price Index(MoM): 0.2%, [Est. 0.2%, Prev. 0.1%]
June PCE Prices Index(YoY): 2.5%, [Est. 2.5%, Prev. 2.6%]
June PCE Prices Index(MoM): 0.1%, [Est. 0.1%, Prev. 0.0%]

The Fed's preferred inflation measure, core PCE, reached its lowest level in over three years, with overall inflation at a five-month low.

June personal income growth halved, indicating a cooling labor market. Following the data release, U.S. stocks rose slightly pre-market, Treasury yields fell to intraday lows, and gold remained steady.