Consumer Goods & Materials: The Core Personal Consumption Expenditure (PCE) Price Index (MoM)(Jun) increased slightly from 0.1 to 0.2%, meeting expectations. The YoY (Jun) reading held firm at 2.5%. Core PCE is the Federal Reserve’s preferred inflation gauge, with a target of 2%.
Be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.
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