Federal 's favorite core inflation indicator hit the spot again in June!
After setting a record for 30 years in May, the US PCE price index in June set a new record again. Although it meets expectations, it reached a 30-year high, the highest level since July 1991, and is higher than the previous value:
The US PCE price index in June increased by 4.0% year-on-year, expected to grow by 4%, and the previous value increased by 3.9%;
In addition, the US core PCE price index in June increased by 3.5% year-on-year, expected to grow by 3.7%, and the previous value increased by 3.4%.
In other aspects, after the U.S. income and expenditure data in May were weaker than expected, analysts expected that June revenue would be further weaker and expenditure would rebound slightly, but the latest data showed that both improved:
US personal income increased by 0.1% month-on-month (anticipated decrease of 0.3%), and personal expenditure increased by 1.0% month-on-month (anticipated increase of 0.7%);
US personal income increased by 2.3% year-on-year, and expenditure increased by 13.6% year-on-year.
In terms of income:
US private wages increased by 11.5% year-on-year, while government workers' wages increased by a record 8.1% year-on-year. After the announcement of the news, the dollar index rose slightly, and the US 10-year treasury bond yield rose slightly.
This article comes from Wall Street News, welcome to download the APP to view more
